Canton, OH vs Lakewood, OH

There is a significant gap in the cost of living between these two cities. Canton is 23.2% cheaper than Lakewood. With a cost index of 64 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Canton to Lakewood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Canton is $826/month compared to $1,013/month in Lakewood — a 19% difference. Home values follow the same pattern: Canton is more affordable at $94,400 median vs $241,500.

Median household income in Canton is $39,754 compared to $65,925 in Lakewood (-39.7%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Canton spend roughly 24.9% of their income on rent, more than the 18.4% in Lakewood.

Climate-wise, both cities share similar average temperatures (51.7°F vs 52.4°F). Canton receives more rainfall at 41.6" per year compared to 41" in Lakewood.