Housing costs in Lakewood?
A typical home costs
$476,400, which is 40.9% more expensive than the national average of
$338,100 and 10.9% less expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Lakewood costs
$1,460 per month, which is 15.6% cheaper than the national average of
$1,730 and 41.8% cheaper than the state average of
$2,070.
Can I afford Lakewood?
To live comfortably in Lakewood (zip 98498), Washington, a minimum annual income of
$91,440 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in 98498 Lakewood, WA is quite affordable compared to other cities and towns in the United States. According to BestPlaces, the cost of living index for Lakewood is only 77.47, which is substantially lower than the national average of 100. This means that it's 35.53% cheaper to live in Lakewood than other parts of the country. Housing prices are particularly low relative to other cities, with an average home costing around $323,800. Additionally, consumer prices are 4.61% lower than the national average which makes everyday expenses such as groceries and utilities much more affordable compared to other places. This makes Lakewood a great place for people looking for an affordable yet high-quality place to live.