Gilbert vs Lakewood

Category-by-Category Breakdown

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

Salary Equivalence

A $75,000 salary in Gilbert has the same purchasing power as $89,865 in Lakewood.

Conversely, $75,000 in Lakewood equals $62,594 in Gilbert.

Living in Gilbert vs Lakewood

Housing Costs

Gilbert's housing index of 128 is lower Lakewood's 188, translating to median home prices of $470,000 vs $574,000. The $104,000 difference in home prices means roughly $6,756 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,700/mo in Gilbert compared to $1,850/mo in Lakewood, a monthly difference of $150.

Grocery & Food Costs

Grocery expenses index at 100 in Gilbert and 101 in Lakewood. A household spending the national average of $475/month on groceries would pay approximately $475/month in Gilbert 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 96 in Gilbert and 85 in Lakewood. Monthly utility bills average approximately $384 in Gilbert 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 95 in Gilbert and 84 in Lakewood. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 11-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $94,518 in Gilbert and $83,800 in Lakewood. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,151 and $63,008 respectively. Gilbert residents enjoy stronger real purchasing power despite higher nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $2,205/month to housing in Gilbert vs $1,955/month in Lakewood. In Gilbert, median rent of $1,700/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 60 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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