Lakewood cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLakewoodNew YorkNational
Cost of living index84122100
IndexLakewoodNew YorkNational
Goods & Services index85112100
Groceries index88103100
Health care index89104100
Housing index62149100
Transportation index117122100
Utilities index101102100

Did you know?

  • The cost of living in Lakewood is 31% lower than the New York average.
  • The cost of living in Lakewood is 16% lower than the national average.
  • The cost of housing in Lakewood is 38% lower than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Compare Lakewood, NY Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,938$4,912$1,375$1,768
Renters$24,414$2,035$570$732

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%

Goods & Services

ItemLakewoodNational avg.Difference
Haircut $14.78$14.591.3%
Beauty Salon $24.99$34.6827.9%
Toothpaste $1.49$2.4739.8%
Shampoo $0.87$1.0214.9%
Movie $10.62$9.877.6%
Bowling $2.90$4.3934.0%

Groceries

ItemLakewoodNational avg.Difference
Ground Beef $3.74$4.4816.5%
Fried Chicken $1.14$1.4622.1%
Milk $1.82$2.3622.8%
Potatoes $2.19$3.0628.5%
Pizza $8.00$9.2413.4%
Beer $7.73$8.6310.5%

Health Care

ItemLakewoodNational avg.Difference
Optometrist $55.25$99.7844.6%
Doctor $80.50$105.0323.4%
Dentist $78.80$88.7011.2%
Ibuprofen $7.98$9.4115.2%
Lipitor $335.79$298.5012.5%

Housing

ItemLakewoodNational avg.Difference
Home Price $96,600.00$175,700.0045.0%
Avg. Mortgage Payment $1,155.06$1,081.036.8%
Apartment Rent $730.00$920.0020.7%

Transportation

ItemLakewoodNational avg.Difference
Gasoline $2.74$2.0931.2%
Tire Balancing $35.11$45.2922.5%

Utilities

ItemLakewoodNational avg.Difference
All Electricity$177.83$170.804.1%
Phone $27.50$28.262.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Sherman, NY70176-24%
Bear Lake, PA16876-24%
Kennedy, NY46677-23%
Sinclairville, NY58778-22%
Falconer, NY2,59478-22%
Lakewood, NY2,97884-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lucedale, MS2,97887-13%
Moore Haven, FL2,97891-9%
Fairview CDP (Westchester County), NY2,97814040%
Westhampton, NY2,97818181%
Crandall, TX2,9791000%
Lakewood, NY2,97884-16%
Source: The Lakewood, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.