Lakewood, OH vs Steubenville, OH

There is a significant gap in the cost of living between these two cities. Steubenville is 27.8% cheaper than Lakewood. With a cost index of 65 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Steubenville 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 $773/month in Steubenville — a 31% difference. Home values follow the same pattern: Steubenville is more affordable at $128,000 median vs $241,500.

Median household income in Lakewood is $65,925 compared to $47,057 in Steubenville (+40.1%). 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 19.7% in Steubenville.