Lakewood, OH vs Oregon, OH

Oregon is moderately more affordable than Lakewood, with a 12.4% lower cost of living index. Lakewood scores 83 compared to 74 for Oregon, 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 $874/month in Oregon — a 16% difference. Home values follow the same pattern: Oregon is more affordable at $191,300 median vs $241,500.

Median household income in Lakewood is $65,925 compared to $82,467 in Oregon (-20.1%). Oregon 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 12.7% in Oregon.