Cost of Living in Lakewood, WA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
135.1
100 = national avg
+35.1 vs national average
Living Wage (1 Adult)
$59,431
per year
Living Wage (Family of 4)
$140,473
per year
Cost Index by Category
Housing182.3
Food103.9
Transportation115.6
Healthcare103.1
Utilities118.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,605
per month
2 Bedroom
$1,971
per month
The overall cost of living index in Lakewood is 135.1, which is 35.1% above the national average. Housing costs are above the national average at an index of 182.3. A single adult needs to earn approximately $59,431 per year to cover basic expenses.