Cost of Living: North miami, FL vs Lakewood, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | North miami | Lakewood |
|---|---|---|
| Housing Index | 120.8 | 120.0 |
| Median Home Price | $356,000 | $423,000 |
| Average Rent (2 BR Apartment) | $2200 | $2200 |
| Average Rent (2 BR House) | $2240 | $2160 |
Housing Comparison: North miami vs Lakewood
- The median home price in Lakewood is higher at $423,000, compared to $356,000 in North miami.
- The rent for a two-bedroom apartment is equal in both North miami and Lakewood at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | North miami | Lakewood |
|---|---|---|
| Electricity Price | $13.89 | $19.88 |
| Natural Gas Price | $26.13 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: North miami vs Lakewood
- Lakewood has higher electricity costs at $19.88 per kWh, versus $13.89 in North miami.
- Natural gas is more expensive in North miami at $26.13 per unit, while it is cheaper at $14.01 in Lakewood.
- Utility expenses are equal in both North miami and Lakewood averaging $250.