Cost of Living: Amarillo, TX vs Lakewood, CO (2026)

Amarillo

Texas
69
VS

Lakewood

Colorado
141

Amarillo is 72% cheaper than Lakewood.

$1,049/mo ↓ 40%
Median Rent
$1,746/mo ↑ 66%
$62,469/yr ↓ 27%
Median Income
$85,789/yr ↑ 37%
$186,800 ↓ 66%
Home Value
$548,200 ↑ 193%
$1,074/mo ↓ 38%
Owner Costs
$1,729/mo ↑ 61%
200,945
Population
156,309

Tax Comparison

0%
Income Tax
4.4%
6.25%
Sales Tax
2.9%
1.6%
Property Tax
0.51%

Affordability

20.2%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Amarillo, TX and Lakewood, CO, the overall cost of living indices are 69 and 141 respectively (national median = 100). Rent is $697/month cheaper in Amarillo, saving renters about $8,364/year.

Median household income is $23,320/year higher in Lakewood. Home values also differ significantly — the median in Amarillo is $186,800 compared to $548,200 in Lakewood.

Texas has no state income tax, giving Amarillo residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Amarillo vs Lakewood — common questions

Is Amarillo or Lakewood cheaper to live in?
Based on our cost index, Amarillo is cheaper to live in with an index of 69 compared to 141 (US average = 100).
What is the rent difference between Amarillo and Lakewood?
Median rent in Amarillo is $1,049/month and in Lakewood it's $1,746/month — a difference of $697/month.
Which city has higher income, Amarillo or Lakewood?
Median household income is $62,469 in Amarillo and $85,789 in Lakewood. Median household income is $23,320/year higher in Lakewood.
How do taxes compare between Texas and Colorado?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Amarillo or Lakewood?
It depends on your priorities. Amarillo has a cost index of 69 with median rent of $1,049/mo, while Lakewood has a cost index of 141 with rent of $1,746/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Amarillo details → View Lakewood details →