Lakewood, OH vs Streetsboro, OH

Lakewood is moderately more affordable than Streetsboro, with a 8% lower cost of living index. Lakewood scores 83 compared to 90 for Streetsboro, where the US average is 100. This difference means residents of Streetsboro 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 $1,372/month in Streetsboro — a 26% difference. Interestingly, home values tell a different story: while Lakewood has cheaper rent, Streetsboro actually has lower median home values ($197,000 vs $241,500).

Median household income in Lakewood is $65,925 compared to $82,273 in Streetsboro (-19.9%). While Streetsboro 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 20% in Streetsboro.