Cost of Living in Lakewood, OH
Overall index: 83 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 69 | -31% | $709 |
| Transportation | 103 | +3% | $3.50 |
| Food | 88 | -12% | $361 |
| Utilities | 85 | -15% | $124 |
| Healthcare | 85 | -15% | $90 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Lakewood?
A single adult living comfortably in Lakewood, OH needs approximately $29,050 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Lakewood, OH?
The overall cost of living in Lakewood, OH is 17% lower than the US national average (index: 83 where 100 = national average).
How much is rent in Lakewood, OH?
Average rent for a 1-bedroom apartment in Lakewood, OH is about $709/month.
Is Lakewood, OH expensive to live in?
No, Lakewood, OH is affordable (below national average).
What salary do I need to live in Lakewood, OH?
A single adult needs roughly $29,050/year to cover basic living costs in Lakewood, OH.