The Midwestern city of Lakewood, Ohio (zip code: 44107) is a popular location for homebuyers and renters alike. The cost of living in this city is very attractive, with two-bedroom apartments renting for an average of $1,050 per month, significantly less than the US average of $1,430. Additionally, the grocery cost index in Lakewood is 100 – the same as that of the US average. This makes it an ideal destination for those looking to save money or stay within their budget.
Lakewood is also home to several local businesses that make it an inviting place to live and work. Companies like Lakewood Hardware, Ber Street Deli & Groceries, and Addison Place Boutique are just a few examples of what this city has to offer. With its combination of affordable housing options and thriving businesses, Lakewood makes a great choice for anyone looking for a place to call home.
Lakewood (zip 44107) has an unemployment rate of 5.2%. The US average is 6.0%.
Lakewood (zip 44107) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Lakewood (zip 44107)
- The Sales Tax Rate for Lakewood (zip 44107) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lakewood (zip 44107) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lakewood (zip 44107)
- The average income of a Lakewood (zip 44107) resident is $28,759 a year. The US average is $28,555 a year.
- The Median household income of a Lakewood (zip 44107) resident is $57,634 a year. The US average is $69,021 a year.