Lakewood, OH Cost Of Living
Lakewood's Overall Cost Of Living
Lower Than The National Average
In Ohio
In America
What is the cost of living in Lakewood, OH?
According to the most recent data on the cost of living, Lakewood has an overall cost of living index of 95 which is 0.9x lower than the national index of 100.
Compared to only Ohio, Lakewood has a cost of living index that's 1.1x higher than Ohio's index of 90.
The standard of living in Lakewood ranks as #2,449 most affordable out of the 6,418 places we measured in Ohio. By definition, that implies Lakewood ranks as the #3,969 most expensive place in the Buckeye State.
Lakewood Cost Of Living Vs. Ohio
| Living Expense | Lakewood | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 95 | 90 | 100 | |
| Services | 102 | 100 | 100 | |
| Groceries | 106 | 99 | 100 | |
| Health | 110 | 100 | 100 | |
| Housing | 74 | 74 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 93 | 93 | 100 | |
Lakewood, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
Detailed Lakewood Services Costs Vs. Ohio
Detailed Lakewood Groceries Costs Vs. Ohio
Detailed Lakewood Health Costs Vs. Ohio
Detailed Lakewood Transportation Costs Vs. Ohio
Detailed Lakewood Utilities Costs Vs. Ohio
Lakewood SnackAbility
/10
Cost Of Living In Cities Around Lakewood
| City | Population | Cost Of Living | Vs. Lakewood |
|---|---|---|---|
| Cleveland, OH | 383,331 | 82 | 0.9x |
| Strongsville, OH | 44,675 | 99 | 1.0x |
| Westlake, OH | 32,154 | 109 | 1.1x |
| North Olmsted, OH | 31,562 | 96 | 1.0x |
| Shaker Heights, OH | 27,148 | 103 | 1.1x |
| Solon, OH | 22,858 | 114 | 1.2x |
| Rocky River, OH | 20,115 | 102 | 1.1x |
| Parma Heights, OH | 19,916 | 88 | 0.9x |
| Broadview Heights, OH | 19,195 | 104 | 1.1x |
| Brook Park, OH | 18,486 | 92 | 1.0x |
