Lakewood, OH vs Piqua, OH

There is a significant gap in the cost of living between these two cities. Piqua is 19.1% cheaper than Lakewood. With a cost index of 70 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Piqua to Lakewood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lakewood is $1,013/month compared to $896/month in Piqua — a 13% difference. Home values follow the same pattern: Piqua is more affordable at $124,900 median vs $241,500.

Median household income in Lakewood is $65,925 compared to $63,770 in Piqua (+3.4%). Lakewood does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lakewood spend roughly 18.4% of their income on rent, more than the 16.9% in Piqua.