Lakewood, OH vs Sylvania, OH

Lakewood, OH and Sylvania, OH have a very similar cost of living, with only a 1.5% difference in their overall index. Lakewood scores 83 while Sylvania 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 $1,019/month in Sylvania — a 1% difference. Interestingly, home values tell a different story: while Lakewood has cheaper rent, Sylvania actually has lower median home values ($233,700 vs $241,500).

Median household income in Lakewood is $65,925 compared to $95,610 in Sylvania (-31%). Sylvania offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lakewood spend roughly 18.4% of their income on rent, more than the 12.8% in Sylvania.