Cost of Living: Springville, NY vs Lakewood, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springville | Lakewood |
|---|---|---|
| Housing Index | 110.2 | 120.0 |
| Median Home Price | $162,500 | $423,000 |
| Average Rent (2 BR Apartment) | $1100 | $2200 |
| Average Rent (2 BR House) | $1120 | $2160 |
Housing Comparison: Springville vs Lakewood
- The median home price in Lakewood is higher at $423,000, compared to $162,500 in Springville.
- In Lakewood, the rental for a two-bedroom apartment stands at $2,200, while it is $1,100 in Springville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Springville | Lakewood |
|---|---|---|
| Electricity Price | $26.08 | $19.88 |
| Natural Gas Price | $18.13 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Springville vs Lakewood
- Electricity costs are higher in Springville at $26.08 per kWh, compared to $19.88 in Lakewood.
- Natural gas is more expensive in Springville at $18.13 per unit, while it is cheaper at $14.01 in Lakewood.
- Utility expenses are equal in both Springville and Lakewood averaging $250.