Lakewood, OH vs North Canton, OH

North Canton is moderately more affordable than Lakewood, with a 8.3% lower cost of living index. Lakewood scores 83 compared to 77 for North Canton, 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 $1,013/month compared to $981/month in North Canton — a 3% difference. Home values follow the same pattern: North Canton is more affordable at $194,200 median vs $241,500.

Median household income in Lakewood is $65,925 compared to $72,193 in North Canton (-8.7%). North Canton 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 18.4% of their income on rent, more than the 16.3% in North Canton.