Lakewood vs Newport News

Category-by-Category Breakdown

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

Salary Equivalence

A $75,000 salary in Lakewood has the same purchasing power as $51,880 in Newport News.

Conversely, $75,000 in Newport News equals $108,424 in Lakewood.

Living in Lakewood vs Newport News

Housing Costs

Lakewood's housing index of 188 is higher Newport News's 75, translating to median home prices of $574,000 vs $261,000. The $313,000 difference in home prices means roughly $20,340 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Lakewood compared to $1,175/mo in Newport News, a monthly difference of $675.

Grocery & Food Costs

Grocery expenses index at 101 in Lakewood and 99 in Newport News. A household spending the national average of $475/month on groceries would pay approximately $480/month in Lakewood vs $470/month in Newport News. 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 85 in Lakewood and 104 in Newport News. Monthly utility bills average approximately $340 in Lakewood vs $416 in Newport News. 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 84 in Lakewood and 111 in Newport News. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 27-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $83,800 in Lakewood and $69,600 in Newport News. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $63,008 and $75,652 respectively. Newport News residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,955/month to housing in Lakewood vs $1,624/month in Newport News. In Lakewood, median rent of $1,850/mo fits within this budget. In Newport News, median rent of $1,175/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 113 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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