Cost of Living in Lakewood, NY

Get 300+ Local Insights for Any Address in Lakewood, NY

Get Access to 300+ Local Data Points
A+
11%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
33%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lakewood New York National
Cost of living89121100
Groceries97106100
Health care97110100
Housing67144100
Transportation101113100
Utilities101112100
Lifestyle & Entertainment96111100
Household Items102106100
Education & Childcare98118100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Lakewood, NY

property for sale

70 E Fairmount Ave

Lakewood, NY
property for sale

265 E Terrace Ave

Lakewood, NY
property for sale

269 E Terrace Ave

Lakewood, NY
property for sale

249 E Terrace Ave

Lakewood, NY

Cost Of Living Quick Facts

  • The cost of living in Lakewood is 26% lower than the New York average
  • The cost of living in Lakewood is 11% lower than the national average
  • Lakewood housing is 33% lower than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Lakewood

See all the best places to live around Lakewood

Compare Lakewood, NY Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Lakewood?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Lakewood?
      Write a review to give others more information about this area.
      See all Lakewood poll results

      The best places in New York

      Here are the best places to live in New YorkCheck out the 10 most dangerous cities in New YorkThese are the largest cities in New YorkSafest States In The US
      Best Places in New York

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$115,524$9,627$2,695$3,466
      Renters$50,409$4,201$1,176$1,512

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Chautauqua, NY311991.2%
      Kennedy, NY2717822.0%
      Sherman, NY5888218.1%
      Sinclairville, NY6368217.8%
      Jamestown, NY30,1278317.3%
      Lakewood, NY2,8958910.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Delhi, LA2,8958712.8%
      Carson, WA2,89511515.2%
      Sheridan, IL2,894973.3%
      West Ishpeming, MI2,894928.3%
      Sands Point, NY2,894416316.3%
      Lakewood, NY2,8958910.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026