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

Lakewood

Colorado
141
VS

Killeen

Texas
75

Lakewood is 66% more expensive than Killeen.

$1,746/mo ↑ 52%
Median Rent
$1,147/mo ↓ 34%
$85,789/yr ↑ 47%
Median Income
$58,339/yr ↓ 32%
$548,200 ↑ 180%
Home Value
$196,000 ↓ 64%
$1,729/mo ↑ 47%
Owner Costs
$1,176/mo ↓ 32%
156,309
Population
156,144

Tax Comparison

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

Affordability

24.4%
rent-to-income
Affordability
23.6%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Killeen, TX, the overall cost of living indices are 141 and 75 respectively (national median = 100). Rent is $599/month cheaper in Killeen, saving renters about $7,188/year.

Median household income is $27,450/year higher in Lakewood. Home values also differ significantly — the median in Lakewood is $548,200 compared to $196,000 in Killeen.

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

Frequently Asked Questions

Lakewood vs Killeen — common questions

Is Lakewood or Killeen cheaper to live in?
Based on our cost index, Killeen is cheaper to live in with an index of 75 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Killeen?
Median rent in Lakewood is $1,746/month and in Killeen it's $1,147/month — a difference of $599/month.
Which city has higher income, Lakewood or Killeen?
Median household income is $85,789 in Lakewood and $58,339 in Killeen. Median household income is $27,450/year higher in Lakewood.
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 Killeen?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Killeen has a cost index of 75 with rent of $1,147/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Killeen details →