What Are the Everyday Living Costs in Lakewood, NJ in 2024?
The average monthly cost of living in Lakewood, NJ is $4,086, which is 10% lower than the U.S. average ($4,521). The average monthly cost of rent is $1,715, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,371 per month.
Lakewood, NJ is ranked 216th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the expensive cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$1,715
Utilities
$458
Transportation
$179
Groceries
$702
Other
$1,032
Total
$4,086
What Are the Everyday Living Costs in Lakewood, NJ in 2024?
The average monthly cost of living in Lakewood, NJ for singles is $2,741, which is 7% lower than the U.S. average ($2,956). The average monthly cost of rent for singles is $1,145, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,596 per month.
Lakewood, NJ is ranked 220th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the expensive cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$1,145
Utilities
$268
Transportation
$89
Groceries
$333
Other
$906
Total
$2,741
What Are the Everyday Living Costs in Lakewood, NJ in 2024?
The average monthly cost of living in Lakewood, NJ for couples is $4,056, which is 10% lower than the U.S. average ($4,519). The average monthly cost of rent for couples is $1,725, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,331 per month.
Lakewood, NJ is ranked 213th out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the expensive cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$1,725
Utilities
$450
Transportation
$179
Groceries
$667
Other
$1,036
Total
$4,057
What Are the Everyday Living Costs in Lakewood, NJ in 2024?
The average monthly cost of living in Lakewood, NJ for single parents is $3,999, which is 4% lower than the U.S. average ($4,172). The average monthly cost of rent for single parents is $1,725, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,274 per month.
Lakewood, NJ is ranked 222nd out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the expensive cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$1,725
Utilities
$441
Transportation
$159
Groceries
$643
Other
$1,031
Total
$3,999
What Are the Everyday Living Costs in Lakewood, NJ in 2024?
The average monthly cost of living in Lakewood, NJ for families is $5,547, which is 13% lower than the U.S. average ($6,392). The average monthly cost of rent for families is $2,265, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,282 per month.
Lakewood, NJ is ranked 209th out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the expensive cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$2,265
Utilities
$675
Transportation
$290
Groceries
$1,163
Other
$1,154
Total
$5,547
What Salary Do You Need to Live Comfortably in Lakewood, NJ in 2024?
Overall, on average, a gross annual salary of $65,552 is required for an average quality of life in Lakewood, NJ.
Is the Cost of Living High in Lakewood, NJ?
Lakewood, NJ is ranked 216th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the expensive cities in which to live in the U.S. Lakewood, NJ's average monthly rent is 19% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Lakewood, NJ in 2024?
A gross annual salary of $50,000 in Lakewood, NJ will yield an average annual net salary of $44,582. Considering that the total average annual cost of living in Lakewood, NJ is $49,029, a gross annual salary of $50,000 will be insufficient to cover average living costs.
How Much Should You Pay for Rent in Lakewood, NJ?
The average monthly rent in Lakewood, NJ in the city center is $1,306 for a 1 bedroom apartment, $1,605 for a 2 bedroom apartment and $2,002 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,508 for a 1 bedroom apartment, $1,805 for a 2 bedroom apartment and $2,109 for a 3 bedroom apartment.