Lakewood vs Oklahoma City
Cost of Living Comparison · 2026
Lakewood
Oklahoma City
The Verdict
The cost gap between these cities is 52.9%, with Oklahoma City being the more affordable option. A $75,000 income in Lakewood has equivalent purchasing power to $49,060 in Oklahoma City.
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 $49,060 in Oklahoma City.
Conversely, $75,000 in Oklahoma City equals $114,655 in Lakewood.
Living in Lakewood vs Oklahoma City
Housing Costs
Lakewood's housing index of 188 is higher Oklahoma City's 68, translating to median home prices of $574,000 vs $195,000. The $379,000 difference in home prices means roughly $24,636 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Lakewood compared to $1,000/mo in Oklahoma City, a monthly difference of $850.
Grocery & Food Costs
Grocery expenses index at 101 in Lakewood and 95 in Oklahoma City. A household spending the national average of $475/month on groceries would pay approximately $480/month in Lakewood vs $451/month in Oklahoma City. Oklahoma City offers a meaningful advantage on everyday food costs, saving roughly $348/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 85 in Lakewood and 92 in Oklahoma City. Monthly utility bills average approximately $340 in Lakewood vs $368 in Oklahoma City. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 84 in Lakewood and 92 in Oklahoma City. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $83,800 in Lakewood and $55,458 in Oklahoma City. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $63,008 and $63,745 respectively. Oklahoma City 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 $1,294/month in Oklahoma City. In Lakewood, median rent of $1,850/mo fits within this budget. In Oklahoma City, median rent of $1,000/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 120 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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