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 | Phoenix | Difference |
|---|---|---|---|
| Median rent | $941/mo | $1,322/mo | 28.8% lower in A |
| Median home value | $221,100 | $340,200 | 35.0% lower in A |
| Median household income | $63,299 | $72,092 | 12.2% lower in A |
| Groceries index | 94.4 | 97.7 | 3.4% lower in A |
| Utilities index | 94.7 | 102.9 | 7.9% lower in A |
| Transportation index | 98.3 | 104.2 | 5.6% lower in A |
| Healthcare index | 99.0 | 104.0 | 4.9% 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 $121,721 in Phoenix to maintain your standard of living.
Climate, safety, and demographics side by side.
Lakewood, OH is about 17.8% cheaper overall than Phoenix, AZ, based on our cost-of-living index. Housing costs are roughly 33% lower in Lakewood than in Phoenix. If you earn $80,000 in Lakewood, you'd need about $97,377 in Phoenix to keep the same standard of living.