Cost of Living: The colony, TX vs Lake city, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | The colony | Lake city |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $413,000 | $262,000 |
| Average Rent (2 BR Apartment) | $1900 | $1200 |
| Average Rent (2 BR House) | $2000 | $1360 |
Housing Comparison: The colony vs Lake city
- In The colony, the median home price is higher at $413,000, while in Lake city it is $262,000.
- Renting a two-bedroom apartment costs more in The colony at $1,900 than in Lake city 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 | The colony | Lake city |
|---|---|---|
| Electricity Price | $14.47 | $13.89 |
| Natural Gas Price | $26.29 | $26.13 |
| Other Utilities | $250 | $200 |
Utilities Comparison: The colony vs Lake city
- Electricity costs are higher in The colony at $14.47 per kWh, compared to $13.89 in Lake city.
- Natural gas is more expensive in The colony at $26.29 per unit, while it is cheaper at $26.13 in Lake city.
- Other utility costs are higher in The colony at an average of $250, compared to Lake city with $200.