Cost of Living: Westminster, MD vs Lakewood, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Westminster | Lakewood |
|---|---|---|
| Housing Index | 110.0 | 115.0 |
| Median Home Price | $375,000 | $568,000 |
| Average Rent (2 BR Apartment) | $1850 | $2100 |
| Average Rent (2 BR House) | $1920 | $2145 |
Housing Comparison: Westminster vs Lakewood
- The median home price in Lakewood is higher at $568,000, compared to $375,000 in Westminster.
- In Lakewood, the rental for a two-bedroom apartment stands at $2,100, while it is $1,850 in Westminster.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Westminster | Lakewood |
|---|---|---|
| Electricity Price | $17.41 | $15.21 |
| Natural Gas Price | $18.44 | $11.3 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Westminster vs Lakewood
- Electricity costs are higher in Westminster at $17.41 per kWh, compared to $15.21 in Lakewood.
- Natural gas is more expensive in Westminster at $18.44 per unit, while it is cheaper at $11.3 in Lakewood.
- Utility expenses are equal in both Westminster and Lakewood averaging $250.