Hamilton, OH vs Lakewood, OH

Hamilton is moderately more affordable than Lakewood, with a 9.7% lower cost of living index. Hamilton scores 75 compared to 83 for Lakewood, where the US average is 100. This difference means residents of Lakewood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hamilton is $974/month compared to $1,013/month in Lakewood — a 4% difference. Home values follow the same pattern: Hamilton is more affordable at $152,300 median vs $241,500.

Median household income in Hamilton is $54,293 compared to $65,925 in Lakewood (-17.6%). 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 Hamilton spend roughly 21.5% of their income on rent, more than the 18.4% in Lakewood.

Climate-wise, both cities share similar average temperatures (53.8°F vs 52.4°F). Hamilton receives more rainfall at 41.4" per year compared to 41" in Lakewood.