Lakewood, OH vs Tiffin, OH

There is a significant gap in the cost of living between these two cities. Tiffin is 22.1% cheaper than Lakewood. With a cost index of 68 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Tiffin 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 $834/month in Tiffin — a 22% difference. Home values follow the same pattern: Tiffin is more affordable at $129,200 median vs $241,500.

Median household income in Lakewood is $65,925 compared to $55,700 in Tiffin (+18.4%). The higher salaries in Lakewood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lakewood spend roughly 18.4% of their income on rent, more than the 18% in Tiffin.