Cost of Living in Lakewood, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
145.3
100 = national avg
+45.3 vs national average
Living Wage (1 Adult)
$63,940
per year
Living Wage (Family of 4)
$151,130
per year
Cost Index by Category
Housing145.0
Food132.2
Transportation164.4
Healthcare125.8
Utilities128.3
100 = national average. Higher = more expensive.
The overall cost of living index in Lakewood is 145.3, which is 45.3% above the national average. Housing costs are above the national average at an index of 145.0. A single adult needs to earn approximately $63,940 per year to cover basic expenses.