Cost of Living: Lakewood, CO vs Norman, OK (2026)

Lakewood

Colorado
141
VS

Norman

Oklahoma
76

Lakewood is 86% more expensive than Norman.

$1,746/mo ↑ 64%
Median Rent
$1,064/mo ↓ 39%
$85,789/yr ↑ 32%
Median Income
$65,060/yr ↓ 24%
$548,200 ↑ 129%
Home Value
$239,300 ↓ 56%
$1,729/mo ↑ 54%
Owner Costs
$1,121/mo ↓ 35%
156,309
Population
128,714

Tax Comparison

4.4%
Income Tax
4.75%
2.9%
State Sales Tax
4.5%
0.51%
Property Tax
0.9%

Affordability

24.4%
rent-to-income
Affordability
19.6%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Norman, OK, the overall cost of living indices are 141 and 76 respectively (national median = 100). Rent is $682/month cheaper in Norman, saving renters about $8,184/year.

Median household income is $20,729/year higher in Lakewood. Home values also differ significantly — the median in Lakewood is $548,200 compared to $239,300 in Norman.

Colorado has a lower income tax rate, making Lakewood slightly more tax-friendly.

Frequently Asked Questions

Lakewood vs Norman — common questions

Is Lakewood or Norman cheaper to live in?
Based on our cost index, Norman is cheaper to live in with an index of 76 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Norman?
Median rent in Lakewood is $1,746/month and in Norman it's $1,064/month — a difference of $682/month.
Which city has higher income, Lakewood or Norman?
Median household income is $85,789 in Lakewood and $65,060 in Norman. Median household income is $20,729/year higher in Lakewood.
How do taxes compare between Colorado and Oklahoma?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Oklahoma has 4.75% income tax, 4.5% sales tax, and 0.9% property tax.
Should I move to Lakewood or Norman?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Norman has a cost index of 76 with rent of $1,064/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Norman details →

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