Ashland, OH vs Lakewood, OH

There is a significant gap in the cost of living between these two cities. Ashland is 18.4% cheaper than Lakewood. With a cost index of 68 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ashland to Lakewood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ashland is $840/month compared to $1,013/month in Lakewood — a 17% difference. Home values follow the same pattern: Ashland is more affordable at $146,100 median vs $241,500.

Median household income in Ashland is $57,310 compared to $65,925 in Lakewood (-13.1%). The higher salaries in Lakewood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Ashland spend roughly 17.6% of their income on rent, less than the 18.4% in Lakewood.

Climate-wise, both cities share similar average temperatures (50.6°F vs 52.4°F). Ashland receives more rainfall at 42.5" per year compared to 41" in Lakewood.