Lakewood, OH vs Oxford, OH

Lakewood, OH and Oxford, OH have a very similar cost of living, with only a 1.3% difference in their overall index. Lakewood scores 83 while Oxford scores 82 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 $989/month in Oxford — a 2% difference. Home values follow the same pattern: Oxford is more affordable at $232,200 median vs $241,500.

Median household income in Lakewood is $65,925 compared to $42,147 in Oxford (+56.4%). 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 28.2% in Oxford.