Bellevue, WA vs Lakewood, WA

The cost of living difference between Bellevue, WA and Lakewood, WA is dramatic. Lakewood is 81.1% cheaper than Bellevue, a gap that translates to thousands of dollars per year in household expenses. Bellevue has a cost index of 214 while Lakewood sits at 118, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bellevue is $2,505/month compared to $1,460/month in Lakewood — a 72% difference. Home values follow the same pattern: Lakewood is more affordable at $420,500 median vs $1,203,100.

Median household income in Bellevue is $161,300 compared to $70,524 in Lakewood (+128.7%). While Bellevue is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bellevue spend roughly 18.6% of their income on rent, less than the 24.8% in Lakewood.

Climate-wise, both cities share similar average temperatures (53.2°F vs 51.9°F). Lakewood receives more rainfall at 42" per year compared to 37.8" in Bellevue.