Lakewood, NY, has a cost of living index that is slightly lower than the nationwide average of 100. The overall cost of living in Lakewood stands at 91, reflecting a 9% decrease from the national average. This lower cost of living makes Lakewood an attractive option for job seekers looking to balance affordability with quality of life.
Lakewood, NY, presents a cost of living that is notably lower than the nationwide average. The housing index in Lakewood stands at 85, which is 15% below the national average of 100. This means that housing costs in Lakewood are more affordable compared to the rest of the country. Additionally, the groceries index is at 92, indicating a 2% lower cost than the average. This slight decrease makes grocery shopping a bit more economical for residents.
Utilities in Lakewood are priced at 95, which is 5% above the national average. While this is slightly higher, it remains relatively close to the average. Transportation costs in Lakewood are at 90, which is 10% lower than the national average. This makes commuting and other transportation expenses more budget-friendly. Healthcare costs are slightly higher in Lakewood, with an index of 98, which is 2% above the average. Despite this, the overall cost of living in Lakewood remains competitive, offering a balanced mix of affordability and quality of life.
