Cost of Living: Lakewood, CO vs Dearborn, MI (2026)

Lakewood

Colorado
141
VS

Dearborn

Michigan
79

Lakewood is 78% more expensive than Dearborn.

$1,746/mo ↑ 38%
Median Rent
$1,264/mo ↓ 28%
$85,789/yr ↑ 32%
Median Income
$65,192/yr ↓ 24%
$548,200 ↑ 166%
Home Value
$205,900 ↓ 62%
$1,729/mo ↑ 47%
Owner Costs
$1,174/mo ↓ 32%
156,309
Population
107,846

Tax Comparison

4.4%
Income Tax
4.25%
2.9%
State Sales Tax
6.0%
0.51%
Property Tax
1.38%

Affordability

24.4%
rent-to-income
Affordability
23.3%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Dearborn, MI, the overall cost of living indices are 141 and 79 respectively (national median = 100). Rent is $482/month cheaper in Dearborn, saving renters about $5,784/year.

Median household income is $20,597/year higher in Lakewood. Home values also differ significantly — the median in Lakewood is $548,200 compared to $205,900 in Dearborn.

Michigan has a lower income tax rate, making Dearborn slightly more tax-friendly.

Frequently Asked Questions

Lakewood vs Dearborn — common questions

Is Lakewood or Dearborn cheaper to live in?
Based on our cost index, Dearborn is cheaper to live in with an index of 79 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Dearborn?
Median rent in Lakewood is $1,746/month and in Dearborn it's $1,264/month — a difference of $482/month.
Which city has higher income, Lakewood or Dearborn?
Median household income is $85,789 in Lakewood and $65,192 in Dearborn. Median household income is $20,597/year higher in Lakewood.
How do taxes compare between Colorado and Michigan?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Michigan has 4.25% income tax, 6.0% sales tax, and 1.38% property tax.
Should I move to Lakewood or Dearborn?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Dearborn has a cost index of 79 with rent of $1,264/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Dearborn details →

More Comparisons

Other cost of living comparisons for Lakewood and Dearborn

Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield Dearborn vs. Sparks Dearborn vs. Riverview Dearborn vs. South Fulton Dearborn vs. Tyler Dearborn vs. Greeley Dearborn vs. Tuscaloosa