Cost of Living: Richardson, TX vs Lakeville, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richardson | Lakeville |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $381,000 | $380,000 |
| Average Rent (2 BR Apartment) | $1895 | $1800 |
| Average Rent (2 BR House) | $1943 | $1920 |
Housing Comparison: Richardson vs Lakeville
- In Richardson, the median home price is higher at $381,000, while in Lakeville it is $380,000.
- Renting a two-bedroom apartment costs more in Richardson at $1,895 than in Lakeville at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richardson | Lakeville |
|---|---|---|
| Electricity Price | $14.47 | $16.38 |
| Natural Gas Price | $26.29 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richardson vs Lakeville
- Lakeville has higher electricity costs at $16.38 per kWh, versus $14.47 in Richardson.
- Natural gas is more expensive in Richardson at $26.29 per unit, while it is cheaper at $14.87 in Lakeville.
- Utility expenses are equal in both Richardson and Lakeville averaging $250.