Lockwood, MO vs Westwood, MO

The cost of living difference between Lockwood, MO and Westwood, MO is dramatic. Lockwood is 70.5% cheaper than Westwood, a gap that translates to thousands of dollars per year in household expenses. Lockwood has a cost index of 63 while Westwood sits at 215, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Lockwood is $800/month compared to $3,250/month in Westwood — a 75% difference. Home values follow the same pattern: Lockwood is more affordable at $87,800 median vs $1,015,600.

Median household income in Lockwood is $48,578 compared to $231,667 in Westwood (-79%). While Westwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lockwood spend roughly 19.8% of their income on rent, more than the 16.8% in Westwood.