Lakewood, WA Cost of Living

7 Reviews

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Lakewood cost of living score
More expensive
22.7% higher
than the US average
0.7% higher
than the Washington average
Lakewood, Washington gets a BestPlaces Cost of Living score of 122.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 22.7% higher than the U.S. average and 0.7% lower than the average for Washington.

Lakewood, WA

Housing costs in Lakewood?
A typical home costs $459,500, which is 35.9% more expensive than the national average of $338,100 and 14.1% less expensive than the average Washington home, at $534,700. Renting a two-bedroom unit in Lakewood costs $1,490 per month, which is 4.2% more than the national average of $1,430 and 16.1% cheaper than the state average of $1,730.

Can I afford Lakewood?
To live comfortably in Lakewood, Washington, a minimum annual income of $88,200 for a family, and $47,200 for a single person is recommended.

What does A.I. say about Lakewood?
Living in Lakewood, WA can be quite expensive compared to the US average cost of living. According to the data, the house median value in Lakewood is $459,500, which is significantly higher than the US average of $338,100. Additionally, the cost of living in Lakewood is 119.3, which is 19.3 points higher than the national average of 100. This means that expenses like food, housing, transportation and healthcare are more costly than most major cities throughout America. All these factors together make it difficult for those on a budget to afford to live in Lakewood comfortably.
   Cost of living score
     CategoriesLakewoodWashingtonUnited States

   100=National Average

   Average Rent by Bedroom Size
Reviews for Lakewood
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Historically, Lakewood has had a bad reputation for being a crime ridden city, but since its incorporation in 1996 it has seen a transformation. Many of its roads have  More

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Over 6 years ago

Lakewood is the worst city in the state. With a murder rate that has grown upwards of 20 people a year, to the home invasions that happen every day in the city, don’t  More

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Over 15 years ago

lakewood(chocolate city, lakeview, eastside,tillicum/woodbrook,lakecity) all crime drug and gang filled areas. very high murder rate for a suburb..and there are way too  More

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