City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Lakewood | New York | Difference |
|---|---|---|---|
| Median rent | $1,619/mo | $1,714/mo | 5.5% lower in A |
| Median home value | $604,600 | $732,100 | 17.4% lower in A |
| Median household income | $54,826 | $76,607 | 28.4% lower in A |
| Groceries index | 100.1 | 108.1 | 7.4% lower in A |
| Utilities index | 108.4 | 133.1 | 18.6% lower in A |
| Transportation index | 97.3 | 104.3 | 6.7% lower in A |
| Healthcare index | 100.0 | 104.1 | 4.0% lower in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Lakewood, you'd need $109,168 in New York to maintain your standard of living.
Climate, safety, and demographics side by side.
Lakewood, NJ is about 8.4% cheaper overall than New York, NY, based on our cost-of-living index. Housing costs are roughly 8% lower in Lakewood than in New York. If you earn $80,000 in Lakewood, you'd need about $87,335 in New York to keep the same standard of living.