Cost of Living: Montgomery, IL vs Lake grove, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Lake grove |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $260,000 | $646,500 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1245 | $2320 |
Housing Comparison: Montgomery vs Lake grove
- The median home price in Lake grove is higher at $646,500, compared to $260,000 in Montgomery.
- In Lake grove, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Montgomery.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | Lake grove |
|---|---|---|
| Electricity Price | $16.15 | $26.08 |
| Natural Gas Price | $16.59 | $18.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Montgomery vs Lake grove
- Lake grove has higher electricity costs at $26.08 per kWh, versus $16.15 in Montgomery.
- Lake grove experiences higher natural gas costs at $18.13 per unit, with costs at $16.59 in Montgomery.
- Lake grove has higher utility expenses, averaging $250, while Montgomery averages $200.