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.