Housing costs in Lakewood?
A typical home costs
$418,300, which is 23.7% more expensive than the national average of
$338,100 and 21.8% less expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Lakewood costs
$1,440 per month, which is 16.8% cheaper than the national average of
$1,730 and 43.8% cheaper than the state average of
$2,070.
Can I afford Lakewood?
To live comfortably in Lakewood (zip 98499), Washington, a minimum annual income of
$80,280 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in 98499 Lakewood, WA is fairly moderate compared to other areas in the United States. Groceries and other essential items are generally a bit cheaper than most states. However, housing costs can be a bit high depending on where exactly you live within the area. The median home price is around $376,000 which is slightly higher than the national median of $231,200. Renters will likely pay an average of $1,400 per month for a one bedroom apartment near the downtown area. Transportation costs are also reasonable as the area boasts some great public transportation options. All in all, 98499 Lakewood offers residents an affordable cost of living that doesn't break the bank.