Bement, IL vs Lakewood, IL

The cost of living difference between Bement, IL and Lakewood, IL is dramatic. Bement is 46.4% cheaper than Lakewood, a gap that translates to thousands of dollars per year in household expenses. Bement has a cost index of 63 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.

When it comes to buying, median home values in Bement are $101,200 compared to $518,500 in Lakewood, a 81% gap.

Median household income in Bement is $79,583 compared to $185,774 in Lakewood (-57.2%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.