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

Lakewood

Colorado
141
VS

Midland

Texas
99

Lakewood is 42% more expensive than Midland.

$1,746/mo ↑ 24%
Median Rent
$1,407/mo ↓ 19%
$85,789/yr ↓ 6%
Median Income
$91,169/yr ↑ 6%
$548,200 ↑ 84%
Home Value
$298,600 ↓ 46%
$1,729/mo ↑ 18%
Owner Costs
$1,468/mo ↓ 15%
156,309
Population
133,998

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
18.5%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Midland, TX, the overall cost of living indices are 141 and 99 respectively (national median = 100). Rent is $339/month cheaper in Midland, saving renters about $4,068/year.

Median household income is $5,380/year higher in Midland. Home values also differ significantly — the median in Lakewood is $548,200 compared to $298,600 in Midland.

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

Frequently Asked Questions

Lakewood vs Midland — common questions

Is Lakewood or Midland cheaper to live in?
Based on our cost index, Midland is cheaper to live in with an index of 99 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Midland?
Median rent in Lakewood is $1,746/month and in Midland it's $1,407/month — a difference of $339/month.
Which city has higher income, Lakewood or Midland?
Median household income is $85,789 in Lakewood and $91,169 in Midland. Median household income is $5,380/year higher in Midland.
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 Midland?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Midland has a cost index of 99 with rent of $1,407/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Midland details →

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