Lakewood, NJ vs Rahway, NJ

Rahway is moderately more affordable than Lakewood, with a 14.2% lower cost of living index. Lakewood scores 140 compared to 123 for Rahway, 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 Lakewood is $1,647/month compared to $1,764/month in Rahway — a 7% difference. Interestingly, home values tell a different story: while Lakewood has cheaper rent, Rahway actually has lower median home values ($362,300 vs $618,400).

Median household income in Lakewood is $57,576 compared to $90,852 in Rahway (-36.6%). Rahway offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lakewood spend roughly 34.3% of their income on rent, more than the 23.3% in Rahway. The Rahway ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.