Cost of Living in Lakewood, SC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.3
100 = national avg
-7.7 vs national average
Living Wage (1 Adult)
$40,593
per year
Living Wage (Family of 4)
$95,947
per year
Cost Index by Category
Housing108.8
Food87.6
Transportation75.3
Healthcare90.1
Utilities94.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$972
per month
2 Bedroom
$1,276
per month
The overall cost of living index in Lakewood is 92.3, which is 7.7% below the national average. Housing costs are above the national average at an index of 108.8. A single adult needs to earn approximately $40,593 per year to cover basic expenses.