Lakewood, NJ Cost Of Living

Demographics | Cost Of Living
Updated: 2020-03-08
Lakewood's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Lakewood is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Lakewood, NJ?

According to the most recent data on the cost of living, Lakewood has an overall cost of living index of 136 which is 1.4x higher than the national index of 100.

Compared to only New Jersey, Lakewood has a cost of living index that's 1.1x higher than New Jersey's index of 123.

The standard of living in Lakewood ranks as #5469 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Lakewood ranks as the #938 most expensive place in the Garden State.

For more reading on life in Lakewood, check out:

Lakewood Cost Of Living Vs. New Jersey

Living Expense Lakewood New Jersey National Average
Overall 136 123 100
Services 114 111 100
Groceries 107 110 100
Health 104 102 100
Housing 196 158 100
Transportation 107 110 100
Utilities 104 100 100
For more reading on cost of living around New Jersey, check out:
Lakewood Cost of Living Vs. NJ

Lakewood, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Lakewood New Jersey United States
Median Home Value $433,900 $327,900 $204,900
Median Rent $1,476 $1,295 $1,023
Median Income $47,755 $79,363 $60,293
Home Value To Income 9.1x 4.1x 3.4x
Rent To Monthly Income 0.37x 0.2x 0.2x

Lakewood SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around Lakewood

City Population Cost Of Living Vs. Lakewood
Toms River, NJ 88,712 121 0.9x
Tinton Falls, NJ 17,731 129 0.9x
West Freehold, NJ 13,759 135 1.0x
Freehold, NJ 11,855 121 0.9x
Pine Lake Park, NJ 8,811 117 0.9x
Twin Rivers, NJ 7,067 114 0.8x
Yorketown, NJ 6,565 143 1.1x
Lincroft, NJ 6,348 138 1.0x
Ramtown, NJ 6,076 131 1.0x
Little Silver, NJ 5,864 182 1.3x

Articles About New Jersey

Enjoy The Snack?