Housing costs in Lakewood?
A typical home costs
$574,500, which is 69.9% more expensive than the national average of
$338,100 and 7.4% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Lakewood costs
$1,470 per month, which is 15.0% cheaper than the national average of
$1,730 and 40.8% cheaper than the state average of
$2,070.
Can I afford Lakewood?
To live comfortably in Lakewood (zip 98439), Washington, a minimum annual income of
$110,160 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in 98439 Lakewood, WA is slightly higher than the national average. Housing is especially expensive, with median home prices hovering around $325,000 and median rent prices reaching $1,500 a month. However, other costs such as groceries, utilities, and transportation are comparable to the US average. Residents may also enjoy lower taxes due to the lack of a state income tax. Overall, although living in 98439 Lakewood is more expensive than in some other areas of the country, it is an attractive place to live for many people due to its low cost of living compared to nearby cities like Seattle.