Cost of Living: Water valley, MS vs Lakewood, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Water valley | Lakewood |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $124,000 | $190,000 |
| Average Rent (2 BR Apartment) | $800 | $1600 |
| Average Rent (2 BR House) | $850 | $1640 |
Housing Comparison: Water valley vs Lakewood
- The median home price in Lakewood is higher at $190,000, compared to $124,000 in Water valley.
- Renting a two-bedroom apartment costs more in Water valley at $800 than in Lakewood at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Water valley | Lakewood |
|---|---|---|
| Electricity Price | $13.42 | $26.08 |
| Natural Gas Price | $22.19 | $18.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Water valley vs Lakewood
- Lakewood has higher electricity costs at $26.08 per kWh, versus $13.42 in Water valley.
- Natural gas is more expensive in Water valley at $22.19 per unit, while it is cheaper at $18.13 in Lakewood.
- Lakewood has higher utility expenses, averaging $250, while Water valley averages $200.