Elyria, OH vs Lakewood, OH

There is a significant gap in the cost of living between these two cities. Elyria is 15.4% cheaper than Lakewood. With a cost index of 70 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elyria to Lakewood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elyria is $859/month compared to $1,013/month in Lakewood — a 15% difference. Home values follow the same pattern: Elyria is more affordable at $142,800 median vs $241,500.

Median household income in Elyria is $53,204 compared to $65,925 in Lakewood (-19.3%). 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 Elyria spend roughly 19.4% of their income on rent, more than the 18.4% in Lakewood.

Climate-wise, both cities share similar average temperatures (50.2°F vs 52.4°F). Lakewood receives more rainfall at 41" per year compared to 36.7" in Elyria.