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

Lakewood

Colorado
141
VS

Allen

Texas
137

Lakewood is 3% more expensive than Allen.

$1,746/mo ↓ 7%
Median Rent
$1,877/mo ↑ 8%
$85,789/yr ↓ 34%
Median Income
$129,130/yr ↑ 51%
$548,200 ↑ 28%
Home Value
$429,900 ↓ 22%
$1,729/mo ↓ 17%
Owner Costs
$2,083/mo ↑ 20%
156,309
Population
107,684

Tax Comparison

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

Affordability

24.4%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Allen, TX, the overall cost of living indices are 141 and 137 respectively (national median = 100). Rent is $131/month cheaper in Lakewood, saving renters about $1,572/year.

Median household income is $43,341/year higher in Allen. Home values also differ significantly — the median in Lakewood is $548,200 compared to $429,900 in Allen.

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

Frequently Asked Questions

Lakewood vs Allen — common questions

Is Lakewood or Allen cheaper to live in?
Based on our cost index, Allen is cheaper to live in with an index of 137 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Allen?
Median rent in Lakewood is $1,746/month and in Allen it's $1,877/month — a difference of $131/month.
Which city has higher income, Lakewood or Allen?
Median household income is $85,789 in Lakewood and $129,130 in Allen. Median household income is $43,341/year higher in Allen.
How do taxes compare between Colorado and Texas?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Lakewood or Allen?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Allen details →

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