Fairview Park, OH vs Lakewood, OH

Fairview Park, OH and Lakewood, OH have a very similar cost of living, with only a 3.4% difference in their overall index. Fairview Park scores 80 while Lakewood scores 83 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Fairview Park is $962/month compared to $1,013/month in Lakewood — a 5% difference. Home values follow the same pattern: Fairview Park is more affordable at $225,800 median vs $241,500.

Median household income in Fairview Park is $77,688 compared to $65,925 in Lakewood (+17.8%). Fairview Park offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fairview Park spend roughly 14.9% of their income on rent, less than the 18.4% in Lakewood.

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