Lakewood, OH vs Springboro, OH

There is a significant gap in the cost of living between these two cities. Lakewood is 18.5% cheaper than Springboro. With a cost index of 83 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lakewood to Springboro should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lakewood is $1,013/month compared to $1,378/month in Springboro — a 27% difference. Home values follow the same pattern: Lakewood is more affordable at $241,500 median vs $330,300.

Median household income in Lakewood is $65,925 compared to $112,872 in Springboro (-41.6%). While Springboro 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, more than the 14.7% in Springboro.