What is the cost of living in Lakewood, WA?
According to the most recent data on the cost of living, Lakewood has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Washington, Lakewood has a cost of living index that's 1.0x higher than Washington's index of 120.
The standard of living in Lakewood ranks as #65 most affordable out of the 191 places we measured in Washington. By definition, that implies Lakewood ranks as the #126 most expensive place in the Evergreen State.
For more reading on life in Lakewood, check out:
Lakewood Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Lakewood. Here is how it fares on each of the criteria:
The Services index in Lakewood is 110.
The Groceries index in Lakewood is 110.
The Health index in Lakewood is 159.
The Housing index in Lakewood is 111.
The Transportation index in Lakewood is 113.
The Utilities index in Lakewood is 113.
| Living Expense | Lakewood | Washington | National Average |
|---|---|---|---|
| Overall | 124 | 120 | 100 |
| Services | 110 | 108 | 100 |
| Groceries | 110 | 108 | 100 |
| Health | 159 | 137 | 100 |
| Housing | 111 | 111 | 100 |
| Transportation | 113 | 111 | 100 |
| Utilities | 113 | 110 | 100 |
Lakewood Cost Of Living Compared To Washington Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Washington, check out:
Protect your home budget Compare home warranties in Lakewood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lakewood, WA Housing Cost Breakdown
Housing swings affordability the most between places in Washington, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Lakewood is $521,148.
The Median Rent in Lakewood is $1,525.
The Median Income in Lakewood is $74,720.
The Home Value To Income in Lakewood is 7.0x.
The Rent To Monthly Income in Lakewood is 0.24x.
| Statistic | Lakewood | Washington | United States |
|---|---|---|---|
| Median Home Value | $521,148 | $601,016 | $332,700 |
| Median Rent | $1,525 | $1,760 | $1,413 |
| Median Income | $74,720 | $98,141 | $80,734 |
| Home Value To Income | 7.0x | 6.1x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.22x | 0.21x |
Lakewood, WA Costs By Category
Detailed Lakewood Services costs vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $11.92 | $12.13 |
| Bowling | $21.09 | $18 |
| Haircut | $23.76 | $24.26 |
| Beauty Salon | $54.27 | $45.56 |
Detailed Lakewood Groceries costs vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Ground Beef | $5.71 | $5.84 |
| Fried Chicken | $2.55 | $1.57 |
| Milk | $5.14 | $4.67 |
| Potatoes | $3.87 | $4.93 |
| Pizza | $15.13 | $12.09 |
| Beer | $11.74 | $10.41 |
| Toothpaste | $4.15 | $3.7 |
Detailed Lakewood Health costs vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Optometrist | $191.81 | $125.68 |
| Doctor | $192.99 | $135.78 |
| Dentist | $127.12 | $113.29 |
Detailed Lakewood Transportation costs vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Gasoline | $4.2 | $3.46 |
| Tire Balancing | $78.74 | $59.92 |
Detailed Lakewood Utilities costs vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| All Electricity | $169.3 | $193.99 |
| Phone | $204.78 | $192.25 |
Lakewood SnackAbility
Cost Of Living In Cities Around Lakewood
The cost of living varies in the cities and towns around Lakewood. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 120, 1.0x Lakewood.
Frisco, TX has a cost of living index of 133, 1.1x Lakewood.
Carrollton, TX has a cost of living index of 113, 0.9x Lakewood.
| City | Population | Cost Of Living | Vs. Lakewood |
|---|---|---|---|
| Plano, TX | 290,594 | 120 | 1.0x |
| Frisco, TX | 219,304 | 133 | 1.1x |
| Carrollton, TX | 133,740 | 113 | 0.9x |
| Richardson, TX | 118,731 | 116 | 0.9x |
| Allen, TX | 110,265 | 120 | 1.0x |
| Flower Mound, TX | 78,389 | 128 | 1.0x |
| Little Elm, TX | 54,820 | 118 | 1.0x |
| The Colony, TX | 45,454 | 111 | 0.9x |
| Coppell, TX | 42,154 | 132 | 1.1x |
| Southlake, TX | 31,137 | 165 | 1.3x |
