Cost of Living: Parker, CO vs Lancaster, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Parker | Lancaster |
|---|---|---|
| Housing Index | 138.0 | 90.0 |
| Median Home Price | $560,000 | $207,000 |
| Average Rent (2 BR Apartment) | $2200 | $1410 |
| Average Rent (2 BR House) | $2245 | $1480 |
Housing Comparison: Parker vs Lancaster
- In Parker, the median home price is higher at $560,000, while in Lancaster it is $207,000.
- Renting a two-bedroom apartment costs more in Parker at $2,200 than in Lancaster at $1,410.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Parker | Lancaster |
|---|---|---|
| Electricity Price | $15.21 | $14.18 |
| Natural Gas Price | $11.3 | $23.51 |
| Other Utilities | $290 | $250 |
Utilities Comparison: Parker vs Lancaster
- Electricity costs are higher in Parker at $15.21 per kWh, compared to $14.18 in Lancaster.
- Lancaster experiences higher natural gas costs at $23.51 per unit, with costs at $11.3 in Parker.
- Other utility costs are higher in Parker at an average of $290, compared to Lancaster with $250.