Cost of Living: Lakewood, CO vs Evansville, IN (2026)

Lakewood

Colorado
141
VS

Evansville

Indiana
57

Lakewood is 147% more expensive than Evansville.

$1,746/mo ↑ 84%
Median Rent
$949/mo ↓ 46%
$85,789/yr ↑ 64%
Median Income
$52,251/yr ↓ 39%
$548,200 ↑ 325%
Home Value
$129,100 ↓ 76%
$1,729/mo ↑ 88%
Owner Costs
$919/mo ↓ 47%
156,309
Population
116,441

Tax Comparison

4.4%
Income Tax
3.05%
2.9%
State Sales Tax
7.0%
0.51%
Property Tax
0.83%

Affordability

24.4%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Evansville, IN, the overall cost of living indices are 141 and 57 respectively (national median = 100). Rent is $797/month cheaper in Evansville, saving renters about $9,564/year.

Median household income is $33,538/year higher in Lakewood. Home values also differ significantly — the median in Lakewood is $548,200 compared to $129,100 in Evansville.

Indiana has a lower income tax rate, making Evansville slightly more tax-friendly.

Frequently Asked Questions

Lakewood vs Evansville — common questions

Is Lakewood or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Evansville?
Median rent in Lakewood is $1,746/month and in Evansville it's $949/month — a difference of $797/month.
Which city has higher income, Lakewood or Evansville?
Median household income is $85,789 in Lakewood and $52,251 in Evansville. Median household income is $33,538/year higher in Lakewood.
How do taxes compare between Colorado and Indiana?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Lakewood or Evansville?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Evansville has a cost index of 57 with rent of $949/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Evansville details →

More Comparisons

Other cost of living comparisons for Lakewood and Evansville

Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow