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

Irving

Texas
102
VS

Lakewood

Colorado
141

Irving is 28% cheaper than Lakewood.

$1,517/mo ↓ 13%
Median Rent
$1,746/mo ↑ 15%
$79,641/yr ↓ 7%
Median Income
$85,789/yr ↑ 8%
$287,300 ↓ 48%
Home Value
$548,200 ↑ 91%
$1,521/mo ↓ 12%
Owner Costs
$1,729/mo ↑ 14%
255,036
Population
156,309

Tax Comparison

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

Affordability

22.9%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Irving, TX and Lakewood, CO, the overall cost of living indices are 102 and 141 respectively (national median = 100). Rent is $229/month cheaper in Irving, saving renters about $2,748/year.

Median household income is $6,148/year higher in Lakewood. Home values also differ significantly — the median in Irving is $287,300 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

Irving vs Lakewood — common questions

Is Irving or Lakewood cheaper to live in?
Based on our cost index, Irving is cheaper to live in with an index of 102 compared to 141 (US average = 100).
What is the rent difference between Irving and Lakewood?
Median rent in Irving is $1,517/month and in Lakewood it's $1,746/month — a difference of $229/month.
Which city has higher income, Irving or Lakewood?
Median household income is $79,641 in Irving and $85,789 in Lakewood. Median household income is $6,148/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 Irving or Lakewood?
It depends on your priorities. Irving has a cost index of 102 with median rent of $1,517/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 Irving details → View Lakewood details →

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