Nestled between Tacoma and Joint Base Lewis-McChord (JBLM), Lakewood, Washington, blends suburban tranquility with the energy of a military community. Known for its lush parks, lakes, and proximity to the Puget Sound, Lakewood attracts families, retirees, and service members.
Understanding the cost of living in Lakewood is crucial for anyone considering a move. While it’s more affordable than Seattle, expenses like housing, utilities, and healthcare shape daily budgets. This expanded guide dives deeper into factors influencing affordability, compares Lakewood to regional neighbors, and offers actionable tips to maximize your budget.
Housing Costs in Lakewood: Neighborhoods and Trends
Housing remains the most significant factor in the cost of living for Lakewood residents. As of 2023, the median home price is approximately 450,000, a stark contrast to Seattle’s 820,000. However, prices vary widely by neighborhood. For example:
- Springbrook: A family-friendly area with median prices near $475,000, known for its parks and top-rated schools.
- Oakbrook: Offers more affordable options, with homes averaging $400,000 and easy access to shopping centers.
- Tillicum: A historic neighborhood near JBLM, where prices dip to $350,000, appealing to military personnel.
Renters pay around 1,400 monthly for a one−bedroom apartment, compared to 2,200 in Seattle. The rental vacancy rate hovers at 5%, reflecting steady demand. For those relocating, hiring Lakewood Movers can streamline the process, especially during peak seasons like summer, when competition for housing intensifies.
Utility Expenses: Seasonal Shifts and Savings
When calculating the cost of living in Lakewood, utilities like electricity, water, and internet are key. Washington’s reliance on hydropower keeps electricity costs low, with average monthly bills at $150. However, winter heating can spike gas expenses by 20–30%.
- Water/Sewage: Lakewood’s rates average $70 monthly, with tiered pricing encouraging conservation.
- Internet: Plans from Comcast and CenturyLink range fromÂ
- 60(basic)to
- 60(basic)to100 (high-speed).
- Renewable Options: Residents can opt into Tacoma Power’s Green Power Program, supporting renewable energy for a slight premium.
Installing energy-efficient appliances or enrolling in budget billing programs helps stabilize monthly costs.
Transportation and Commuting: Beyond Gas Prices
Transportation significantly impacts the Cost of Living that Lakewood households manage. While gas prices align with the national average ($4.50/gallon), other factors matter:
- Public Transit: Pierce Transit’s bus network and Sounder trains connect Lakewood to Tacoma and Seattle. A monthly pass costs $90, with discounts for seniors and students.
- Auto Costs: Annual registration fees averageÂ
- 150, and routine maintenance adds 500–$1,000 yearly.
- Bike-Friendly Routes: The city’s expanding bike lanes and trails, like the Lakewood Trail, offer free, eco-friendly commuting.
Commuting to JBLM takes 10–15 minutes, while Tacoma jobs are 20 minutes away. Remote workers benefit from Lakewood’s quieter environment compared to busier metros.
Grocery and Food Prices: Local Markets and Dining
Groceries in Lakewood cost 5% more than the national average, but savvy shoppers find deals:
- Stores: Fred Meyer and Safeway offer weekly discounts, while Trader Joe’s provides budget-friendly organic options.
- Farmers’ Markets: The Lakewood Farmers Market (open Thursdays, May–October) sells fresh produce at lower prices.
- Dining Out: A meal at Carr’s Restaurant costsÂ
- 15–20, while upscale spots like The Lakewood Colonial Center averageÂ
- 30–40 per person.
Households can save by buying in bulk at Costco (15 minutes south in Tacoma) or using apps like Too Good To Go to reduce food waste.
Healthcare Costs: Accessibility and Insurance
Healthcare expenses in Lakewood are 8% below the national average, a key advantage in the Cost of Living Lakewood profile. Key details:
- Primary Care: A routine visit costs $120, with clinics like MultiCare Lakewood accepting most insurance plans.
- Emergency Care: St. Clare Hospital offers 24/7 services, though specialists often require trips to Tacoma.
- Insurance: Washington’s Healthplanfinder provides subsidized plans, with premiums as low as $200/month for individuals.
Dental cleanings average 100, and vision exams cost 75–$150. Veterans and military families access discounted care at Madigan Army Medical Center on JBLM.
Taxes in Lakewood: Balancing No Income Tax With Sales Taxes
Washington’s tax structure shapes the cost of living in Lakewood. Highlights include:
- No State Income Tax: A major perk for high earners and retirees.
- Sales Tax: 9.2% in Pierce County, applied to non-food items.
- Property Tax: Averaging 1.1% of home value (
- 4,950/year for 450,000 homes).
Vehicle registration fees include a 0.3% motor vehicle excise tax, adding 150 annually for 25,000 cars. For detailed tax resources, visit the Washington State Department of Revenue.
Education and Childcare: Costs for Families
Families evaluating the Cost of Living in Lakewood must factor in education and childcare:
- Public Schools: Lakewood School District serves K–12 students, with per-pupil spending at $13,500/year (above the state average).
- Childcare: Full-time daycare averages $1,200/month, though the state’s Working Connections Child Care program offers subsidies for low-income families.
- Higher Education: Nearby Pierce College offers affordable tuition ($4,000/year for residents), with programs tailored to veterans and working adults.
Entertainment and Recreation: Affordable Leisure
Lakewood’s cost of living benefits from abundant low-cost recreation:
- Parks: Fort Steilacoom Park (280 acres) provides free trials, sports fields, and picnic areas.
- Lakes: American Lake offers swimming, fishing, and boating access for $5/day.
- Cultural Events: Summer Concerts at the Pavilion and the Lakewood Playhouse ($25/ticket) enrich community life.
Gym memberships cost 30–50/month, with discounts at the YMCA for military families.
Safety and Insurance Costs
Lakewood’s crime rate is 15% higher than the national average, which influences insurance premiums:
- Home Insurance: Averaging $1,200/year, slightly above state norms.
- Auto Insurance: Annual rates average $1,100, 10% lower than in Seattle.
- Community Initiatives: Neighborhood Watch programs and increased police patrols in areas like Oakbrook enhance safety.
Comparing Lakewood to Nearby Cities
The Cost of Living in Lakewood is 15% lower than Seattle and 8% below Tacoma. Key comparisons:
- Housing: Lakewood’s median home price is 45% lower than Seattle’s.
- Utilities: Similar to Tacoma but 10% cheaper than Olympia.
- Transportation: JBLM proximity reduces commute costs for military personnel compared to Puyallup.
The Impact of Military Presence
JBLM drives Lakewood’s economy and cost of living:
- Employment: Over 50,000 military and civilian jobs support local businesses.
- Housing Demand: Base rotations create steady rental demand, keeping vacancy rates low.
- Discounts: Many retailers and service providers, including Lakewood Movers, offer military discounts.
10 Tips for Managing Lakewood’s Cost of Living
- Negotiate Rent: Leverage off-peak moving seasons (fall/winter) for better rates.
- Use Public Resources: Explore Pierce County’s energy assistance programs for low-income households.
- Carpool: Connect with JBLM commuters via RideshareOnline to split gas costs.
- Shop Secondhand: Visit Lakewood’s Goodwill or Facebook Marketplace for discounted furniture.
- Garden: Grow produce to offset grocery bills—Lakewood’s climate supports tomatoes, greens, and berries.
- Preventative Healthcare: Use free screenings at Lakewood’s annual Health Fair.
- Tax Breaks: Veterans and seniors qualify for property tax reductions.
- Free Recreation: Hike the Puget Sound trails or fish at Harry Todd Park.
- Compare Insurance: Use WA’s Insurance Commissioner’s Office to find affordable plans.
- Plan Moves Strategically: Hire Lakewood, WA Movers during weekdays for lower rates.
Conclusion: Is Lakewood Affordable for You?
The Cost of Living in Lakewood balances affordability with Pacific Northwest charm. While housing and taxes require careful planning, savings on healthcare, transportation, and utilities make it a viable choice for diverse lifestyles.
Military families, remote workers, and retirees will find Lakewood’s community spirit and natural beauty enhance its value. For personalized insights, connect with local realtors or explore resources on the City of Lakewood’s official site.
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