Housing costs in Lakewood?
A typical home costs
$736,400, which is 117.8% more expensive than the national average of
$338,100 and 0.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Lakewood costs
$2,800 per month, which is 95.8% more than the national average of
$1,430 and 23.2% more than the state average of
$2,150.
Can I afford Lakewood?
To live comfortably in Lakewood, California, a minimum annual income of
$141,120 for a family, and
$88,000 for a single person is recommended.
What does A.I. say about Lakewood?
Lakewood is a city located near Long Beach in Southern California that offers an affordable cost of living compared to other cities nearby. The median home value for Lakewood is $589,100 and the median rent is around $2,100 per month. Despite its reasonable housing prices compared to its neighbors like Long Beach or Anaheim Hills, Lakewood still has high rates when it comes to grocery items and other necessities like utilities and transportation fees. With great public schools in the area as well as active local art scenes offering interesting activities throughout the year though, this city could be a great option for those looking for an accessible location with plenty to do on weekends.