Cost of Living: Ridgewood, NJ vs Lakeland, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ridgewood | Lakeland |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $978,500 | $289,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2250 | $Data is updating |
Housing Comparison: Ridgewood vs Lakeland
- In Ridgewood, the median home price is higher at $978,500, while in Lakeland it is $289,000.
- The rent for a two-bedroom apartment is equal in both Ridgewood and Lakeland 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 | Ridgewood | Lakeland |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $14.01 | $26.13 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Ridgewood vs Lakeland
- Electricity costs are higher in Ridgewood at $19.88 per kWh, compared to $13.89 in Lakeland.
- Lakeland experiences higher natural gas costs at $26.13 per unit, with costs at $14.01 in Ridgewood.
- Utility expenses are equal in both Ridgewood and Lakeland averaging $250.