Lakewood, OH vs Lebanon, OH

Lakewood, OH and Lebanon, OH have a very similar cost of living, with only a 3.9% difference in their overall index. Lakewood scores 83 while Lebanon scores 86 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 Lakewood is $1,013/month compared to $1,067/month in Lebanon — a 5% difference. Home values follow the same pattern: Lakewood is more affordable at $241,500 median vs $257,100.

Median household income in Lakewood is $65,925 compared to $78,598 in Lebanon (-16.1%). While Lebanon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakewood spend roughly 18.4% of their income on rent, more than the 16.3% in Lebanon.

Climate-wise, both cities share similar average temperatures (52.4°F vs 54.1°F). Lebanon receives more rainfall at 41" per year compared to 41" in Lakewood.