Farmingdale, NY vs Lakewood, NY

The cost of living difference between Farmingdale, NY and Lakewood, NY is dramatic. Lakewood is 90.8% cheaper than Farmingdale, a gap that translates to thousands of dollars per year in household expenses. Farmingdale has a cost index of 157 while Lakewood sits at 83, 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.

On the housing front, median rent in Farmingdale is $2,460/month compared to $1,132/month in Lakewood — a 117% difference. Home values follow the same pattern: Lakewood is more affordable at $146,300 median vs $530,100.

Median household income in Farmingdale is $134,037 compared to $70,962 in Lakewood (+88.9%). The higher salaries in Farmingdale partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Farmingdale spend roughly 22% of their income on rent, more than the 19.1% in Lakewood.

Climate-wise, Farmingdale is notably warmer with an average of 53.4°F compared to 48.8°F in Lakewood. Farmingdale receives more rainfall at 38.3" per year compared to 33" in Lakewood.