Cost of Living: Panaca, NV vs Lake city, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panaca | Lake city |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $210,000 | $262,000 |
| Average Rent (2 BR Apartment) | $1000 | $1200 |
| Average Rent (2 BR House) | $1040 | $1360 |
Housing Comparison: Panaca vs Lake city
- The median home price in Lake city is higher at $262,000, compared to $210,000 in Panaca.
- In Lake city, the rental for a two-bedroom apartment stands at $1,200, while it is $1,000 in Panaca.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Panaca | Lake city |
|---|---|---|
| Electricity Price | $15.5 | $13.89 |
| Natural Gas Price | $20.66 | $26.13 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Panaca vs Lake city
- Electricity costs are higher in Panaca at $15.5 per kWh, compared to $13.89 in Lake city.
- Lake city experiences higher natural gas costs at $26.13 per unit, with costs at $20.66 in Panaca.
- Utility expenses are equal in both Panaca and Lake city averaging $200.