Lakewood is 17% cheaper than Downey.
When comparing Lakewood, CO and Downey, CA, the overall cost of living indices are 141 and 169 respectively (national median = 100). Rent is $146/month cheaper in Lakewood, saving renters about $1,752/year.
Median household income is $1,611/year higher in Downey. Home values also differ significantly — the median in Lakewood is $548,200 compared to $728,500 in Downey.
Colorado has a lower income tax rate, making Lakewood slightly more tax-friendly.
Lakewood vs Downey — common questions
Other cost of living comparisons for Lakewood and Downey