Housing costs in Lakewood?
A typical home costs
$247,100, which is 26.9% less expensive than the national average of
$338,100 and 25.4% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Lakewood costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Lakewood?
To live comfortably in Lakewood, Ohio, a minimum annual income of
$47,520 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Lakewood?
Lakewood, OH has an overall below average cost of living with taxes particularly lower than most other towns and cities in Ohio while utility costs remain consistently affordable making it a great destination for those who want to stay within a budget but still enjoy the quality of life amenities located nearby.