Cost of living in Lakewood
Lakewood, located in Washington State, offers a unique blend of suburban and urban living. Understanding the cost of living in Lakewood is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $15 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $75, with prices ranging from $50 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $14.5, with a range between $12 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $9, imported beer $4 to $10, cappuccino $4 to $8, and Coke/Pepsi $2.29 to $3.
Grocery Prices
- Milk - Milk is priced between $0.74 and $1.06 per liter, averaging $0.96.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.31 and $5.5, with an average price of $1.31.
- Eggs (Dozen) - A dozen eggs range from $2.19 to $3.5, averaging $2.66.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.17 to $6.61 per kg, while oranges range from $2.84 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $2.62 per kg, and lettuce costs $1.59 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.
- Fuel (Gasoline) - Gasoline is priced between $1.05 and $1.34 per liter.
- Taxi Fares - Taxi fares start at $2.5.
Housing Costs
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2300.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $85 and $620, averaging $85.
- Internet - Internet services range from $55 to $95, with an average cost of $55.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Lakewood offers a moderate cost of living with affordable dining options and reasonable grocery prices.
Transportation costs are relatively low, making it easy to navigate the city without a significant financial burden.
Housing costs in the city centre are moderate, but utility costs can vary widely, so budgeting for these expenses is essential.
Conclusion
In conclusion, Lakewood, WA, presents a balanced cost of living with affordable dining and transportation options.
While housing costs are moderate, potential residents should be mindful of the variability in utility expenses.
Overall, Lakewood offers a comfortable living environment with a mix of urban and suburban amenities.