El Paso, TX vs Lakewood, CO: 67 vs 141

$1,041/mo ↓ 40%

Median Rent

$1,746/mo ↑ 68%

$58,734/yr ↓ 32%

Median Income

$85,789/yr ↑ 46%

$171,700 ↓ 69%

Home Value

$548,200 ↑ 219%

$1,044/mo ↓ 40%

Owner Costs

$1,729/mo ↑ 66%

678,147

Population

156,309

Detailed Comparison

When comparing El Paso, TX and Lakewood, CO, the overall cost of living indices are 67 and 141 respectively (national median = 100). Rent is $705/month cheaper in El Paso, saving renters about $8,460/year.

Median household income is $27,055/year higher in Lakewood. Home values also differ significantly — the median in El Paso is $171,700 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

El Paso vs Lakewood — common questions

Is El Paso or Lakewood cheaper to live in?

Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 141 (US average = 100).

What is the rent difference between El Paso and Lakewood?

Median rent in El Paso is $1,041/month and in Lakewood it's $1,746/month — a difference of $705/month.

Which city has higher income, El Paso or Lakewood?

Median household income is $58,734 in El Paso and $85,789 in Lakewood. Median household income is $27,055/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 El Paso or Lakewood?

It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/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.

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

El Paso

Lakewood

Tax Comparison

Affordability

Detailed Comparison

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