Concord vs Lakewood
Cost of Living Comparison · 2026
Concord
Lakewood
The Verdict
Concord is 27.8% less expensive than Lakewood overall. A household earning $75,000 in Concord would need approximately $103,906 in Lakewood to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Concord has the same purchasing power as $103,906 in Lakewood.
Conversely, $75,000 in Lakewood equals $54,135 in Concord.
Living in Concord vs Lakewood
Housing Costs
Concord's housing index of 89 is lower Lakewood's 188, translating to median home prices of $380,000 vs $574,000. The $194,000 difference in home prices means roughly $12,612 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,350/mo in Concord compared to $1,850/mo in Lakewood, a monthly difference of $500.
Grocery & Food Costs
Grocery expenses index at 97 in Concord and 101 in Lakewood. A household spending the national average of $475/month on groceries would pay approximately $461/month in Concord vs $480/month in Lakewood. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 97 in Concord and 85 in Lakewood. Monthly utility bills average approximately $388 in Concord vs $340 in Lakewood. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 104 in Concord and 84 in Lakewood. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 20-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $86,900 in Concord and $83,800 in Lakewood. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $90,521 and $63,008 respectively. Concord residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,028/month to housing in Concord vs $1,955/month in Lakewood. In Concord, median rent of $1,350/mo fits within this budget. In Lakewood, median rent of $1,850/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 99 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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