Cost of Living: Monterey, VA vs Lakeville, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey | Lakeville |
|---|---|---|
| Housing Index | 95.0 | 110.0 |
| Median Home Price | $202,500 | $380,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1246 | $1920 |
Housing Comparison: Monterey vs Lakeville
- The median home price in Lakeville is higher at $380,000, compared to $202,500 in Monterey.
- In Lakeville, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Monterey.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monterey | Lakeville |
|---|---|---|
| Electricity Price | $15.31 | $16.38 |
| Natural Gas Price | $19.91 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey vs Lakeville
- Lakeville has higher electricity costs at $16.38 per kWh, versus $15.31 in Monterey.
- Natural gas is more expensive in Monterey at $19.91 per unit, while it is cheaper at $14.87 in Lakeville.
- Utility expenses are equal in both Monterey and Lakeville averaging $250.