Cost of Living: Southlake, TX vs Watertown, SD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Southlake | Watertown |
|---|---|---|
| Housing Index | 145.0 | 75.0 |
| Median Home Price | $668,000 | $220,000 |
| Average Rent (2 BR Apartment) | $2800 | $1200 |
| Average Rent (2 BR House) | $2856 | $1440 |
Housing Comparison: Southlake vs Watertown
- In Southlake, the median home price is higher at $668,000, while in Watertown it is $220,000.
- Renting a two-bedroom apartment costs more in Southlake at $2,800 than in Watertown at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Southlake | Watertown |
|---|---|---|
| Electricity Price | $14.47 | $14.15 |
| Natural Gas Price | $26.29 | $10.63 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Southlake vs Watertown
- Electricity costs are higher in Southlake at $14.47 per kWh, compared to $14.15 in Watertown.
- Natural gas is more expensive in Southlake at $26.29 per unit, while it is cheaper at $10.63 in Watertown.
- Utility expenses are equal in both Southlake and Watertown averaging $250.