Lakewood, OH vs Tallmadge, OH

Lakewood, OH and Tallmadge, OH have a very similar cost of living, with only a 1.7% difference in their overall index. Lakewood scores 83 while Tallmadge 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 $1,008/month in Tallmadge — a 1% difference. Home values follow the same pattern: Tallmadge is more affordable at $226,400 median vs $241,500.

Median household income in Lakewood is $65,925 compared to $91,273 in Tallmadge (-27.8%). Tallmadge 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 13.3% in Tallmadge.