Residential comparison · 13 facts
Lakewood, OH vs Newark, OH
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Lakewood needs about $82,500 in Newark to keep the same lifestyle.
Coming from Newark, $85,000 of lifestyle costs about $87,500 in Lakewood.
A few differences
- Lakewood is higher on median household income ($68,954 vs $61,670).
- Newark is lower on cost of living index (79 vs 85).
- Newark is lower on 2-bedroom rent ($983/mo vs $1,182/mo).
Lakewood vs Newark · facet by facet
| Facet | Lakewood, OH | Newark, OH |
|---|---|---|
| Median home price | $262,200 | $192,300 |
| 2-bedroom rent | $1,182/mo | $983/mo |
| Property tax rate | 1.5% | 1.5% |
| State & local income tax | 3.91% | 3.91% |
| Sales tax | 7.25% | 7.25% |
| Cost of living index | 85 | 79 |
| Groceries index | 95 | 95 |
| Utilities | $160/mo | $160/mo |
| Median household income | $68,954 | $61,670 |
| Unemployment rate | 3.9% | 3.9% |
| Crime index | 45/100 | 45/100 |
| School rating | 5.8/10 | 5.8/10 |
| Sunny days / year | 175 days | 175 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Lakewood, OH · Newark, OH
Questions & answers
- Is Lakewood cheaper than Newark?
- Newark has the lower day-to-day cost index (79 vs 85 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Newark equals $85,000 in Lakewood?
- A household earning $85,000 in Lakewood needs about $82,500 in Newark to keep the same lifestyle; coming the other way, $85,000 of Newark lifestyle costs about $87,500 in Lakewood.