Cannelton, IN vs Lakewood, IN

The cost of living difference between Cannelton, IN and Lakewood, IN is dramatic. Cannelton is 35.1% cheaper than Lakewood, a gap that translates to thousands of dollars per year in household expenses. Cannelton has a cost index of 61 while Lakewood sits at 95, 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 Cannelton are $85,600 compared to $269,400 in Lakewood, a 68% gap.

Median household income in Cannelton is $35,900 compared to $107,574 in Lakewood (-66.6%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.