Davenport vs Lakewood

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Davenport has the same purchasing power as $120,181 in Lakewood.

Conversely, $75,000 in Lakewood equals $46,805 in Davenport.

Living in Davenport vs Lakewood

Housing Costs

Davenport's housing index of 60 is lower Lakewood's 188, translating to median home prices of $212,000 vs $574,000. The $362,000 difference in home prices means roughly $23,532 per year in additional mortgage costs at current rates. Renters face a similar gap: $900/mo in Davenport compared to $1,850/mo in Lakewood, a monthly difference of $950.

Grocery & Food Costs

Grocery expenses index at 97 in Davenport and 101 in Lakewood. A household spending the national average of $475/month on groceries would pay approximately $461/month in Davenport 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 83 in Davenport and 85 in Lakewood. Monthly utility bills average approximately $332 in Davenport vs $340 in Lakewood. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 97 in Davenport and 84 in Lakewood. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 13-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $66,200 in Davenport and $83,800 in Lakewood. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $79,759 and $63,008 respectively. Davenport residents enjoy stronger real purchasing power despite lower nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,545/month to housing in Davenport vs $1,955/month in Lakewood. In Davenport, median rent of $900/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 128 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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