Lakewood, WA Cost Of Living
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 110 which is 1.1x higher than the national index of 100.
Compared to only Washington, Lakewood has a cost of living index that's 0.9x lower than Washington's index of 116.
The standard of living in Lakewood ranks as #4,135 most affordable out of the 6,522 places we measured in Washington. By definition, that implies Lakewood ranks as the #2,271 most expensive place in the Evergreen State.
Lakewood Cost Of Living Vs. Washington
| Living Expense | Lakewood | Washington | National Average | |
|---|---|---|---|---|
| Overall | 110 | 116 | 100 | |
| Services | 105 | 108 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 121 | 119 | 100 | |
| Housing | 111 | 135 | 100 | |
| Transportation | 136 | 116 | 100 | |
| Utilities | 89 | 89 | 100 | |
Lakewood, WA Housing Cost Breakdown
Housing swings affordability the most between places in Washington, 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.
| Statistic | Lakewood | Washington | United States |
|---|---|---|---|
| Median Home Value | $269,200 | $339,000 | $217,500 |
| Median Rent | $1,034 | $1,258 | $1,062 |
| Median Income | $51,972 | $73,775 | $62,843 |
| Home Value To Income | 5.2x | 4.6x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Detailed Lakewood Services Costs Vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Shampoo | $1.22 | $1.01 |
| Movie | $11.02 | $10.72 |
| Bowling | $14.0 | $13.86 |
Detailed Lakewood Groceries Costs Vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Ground Beef | $5.19 | $3.9 |
| Fried Chicken | $1.72 | $1.4 |
| Milk | $2.42 | $1.96 |
Detailed Lakewood Health Costs Vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Haircut | $22.0 | $17.49 |
| Beauty Salon | $39.33 | $38.17 |
| Toothpaste | $2.66 | $2.32 |
Detailed Lakewood Transportation Costs Vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Potatoes | $2.55 | $3.18 |
| Pizza | $11.99 | $10.39 |
| Beer | $9.79 | $9.23 |
| Optometrist | $181.6 | $106.34 |
| Doctor | $133.75 | $115.25 |
| Dentist | $129.7 | $98.38 |
Detailed Lakewood Utilities Costs Vs. Washington
| Item | Lakewood | Washington |
|---|---|---|
| Gasoline | $3.46 | $2.59 |
| Tire Balancing | $70.4 | $48.9 |
| All Electricity | $124.69 | $167.6 |
| Phone | $196.03 | $163.42 |
Lakewood SnackAbility
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Cost Of Living In Cities Around Lakewood
| City | Population | Cost Of Living | Vs. Lakewood | Plano, TX | 287,064 | 112 | 1.0x | Frisco, TX | 177,020 | 111 | 1.0x | Carrollton, TX | 135,834 | 103 | 0.9x | Richardson, TX | 116,432 | 107 | 1.0x | Allen, TX | 101,699 | 104 | 0.9x | Flower Mound, TX | 76,555 | 117 | 1.1x | Little Elm, TX | 45,967 | 99 | 0.9x | The Colony, TX | 43,005 | 102 | 0.9x | Coppell, TX | 41,645 | 122 | 1.1x | Southlake, TX | 31,292 | 147 | 1.3x |
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