Colorado · Population 156,309 · Updated March 2026
How far your income goes in Lakewood
State-level tax rates that affect your costs
Lakewood has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 141 (where 100 equals the national median), Lakewood residents can expect to pay median rent of $1,746/month while earning a median household income of $85,789/year.
The median home value in Lakewood, CO is $548,200, with typical monthly owner costs around $1,729 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Colorado has a moderate income tax rate of 4.4%. Combined with a 2.9% sales tax rate and 0.51% effective property tax rate, the overall tax environment is a factor in the total cost of living in Lakewood.
Common questions about living costs in Lakewood
Similar-sized cities to compare
Compare the cost of living in Lakewood, CO with 299 other major U.S. cities