Cost of living in Lakewood, Ohio

Lakewood, Ohio has about 50,007 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $262,200.

HUD's fair-market rent for a 2-bedroom in Cuyahoga County is $1,274 a month. That is the county number, not an apartment listing in Lakewood. It runs from October 2026 through September 2027.

In the Cleveland, OH metro area, prices sit at 93.9 when the U.S. average is 100. That is a 2024 BEA index.

Ohio taxes wages. A typical combined sales tax is 7.3% as of January 1, 2026. That mix is statewide, not Lakewood's exact store tax.

Some places in Ohio add a local wage tax. In 2023 the state average was about 1.20% of income. That is not a Lakewood bill.

In July 2026, a typical Ohio home paid 19.45¢ per kilowatt-hour. That is a state average from EIA, not Lakewood's bill.

In 2025, all-grades gas in Ohio averaged $3.06 a gallon. EIA prints this yearly price for only some states.

Among 618 places we list in Ohio with a rent figure, 195 have higher typical rent than Lakewood.