Lakewood, OH vs Mayfield Heights, OH

Lakewood, OH and Mayfield Heights, OH have a very similar cost of living, with only a 2.6% difference in their overall index. Lakewood scores 83 while Mayfield Heights scores 81 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 $1,089/month in Mayfield Heights — a 7% difference. Interestingly, home values tell a different story: while Lakewood has cheaper rent, Mayfield Heights actually has lower median home values ($187,600 vs $241,500).

Median household income in Lakewood is $65,925 compared to $62,511 in Mayfield Heights (+5.5%). 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 Lakewood spend roughly 18.4% of their income on rent, less than the 20.9% in Mayfield Heights.

Climate-wise, both cities share similar average temperatures (52.4°F vs 52.3°F). Lakewood receives more rainfall at 41" per year compared to 33.3" in Mayfield Heights.