The cost of living in Lakewood, California

If you're considering a move to Lakewood, California, you might be wondering about the cost of living in the area. Lakewood is a suburb of Los Angeles, and like many suburbs, it's more affordable than living in a major metropolitan area. That being said, the cost of living in Lakewood is still higher than the national average. In this blog post, we'll take a closer look at the cost of living in Lakewood and what you can expect to pay for housing, transportation, food, and other essentials.

Housing:

The median price for a home in Lakewood is $806,694. This is higher than the national median home price of $272,000 but lower than the median home price for Los Angeles County, which is $849,00. Rent prices are also relatively high in Lakewood; the median monthly rent for a home is $2,167 . For comparison, the national median rent for a one-bedroom apartment is $ 2,734

Transportation:

Lakewood has a well-developed public transportation system that includes buses and light rail. The average monthly cost of a public transit pass in Lakewood is $75. For those who prefer to drive, the average monthly cost of gas is $160.

Food:

The average monthly cost of groceries in Lakewood is $460. This includes both basics like bread and milk as well as items like coffee and snacks. Dining out can also be pricey; the average cost of a meal for two at a mid-range restaurant is $60.

Conclusion:

As you can see, the cost of living in Lakewood is relatively high compared to other parts of the country. However, it's still more affordable than many other parts of California. If you're considering a move to Lakewood, be prepared to budget for housing, transportation, and food costs.