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

Lakewood

Colorado
141
VS

Odessa

Texas
83

Lakewood is 70% more expensive than Odessa.

$1,746/mo ↑ 32%
Median Rent
$1,322/mo ↓ 24%
$85,789/yr ↑ 17%
Median Income
$73,030/yr ↓ 15%
$548,200 ↑ 164%
Home Value
$208,000 ↓ 62%
$1,729/mo ↑ 38%
Owner Costs
$1,251/mo ↓ 28%
156,309
Population
114,080

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
21.7%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Odessa, TX, the overall cost of living indices are 141 and 83 respectively (national median = 100). Rent is $424/month cheaper in Odessa, saving renters about $5,088/year.

Median household income is $12,759/year higher in Lakewood. Home values also differ significantly — the median in Lakewood is $548,200 compared to $208,000 in Odessa.

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

Frequently Asked Questions

Lakewood vs Odessa — common questions

Is Lakewood or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Odessa?
Median rent in Lakewood is $1,746/month and in Odessa it's $1,322/month — a difference of $424/month.
Which city has higher income, Lakewood or Odessa?
Median household income is $85,789 in Lakewood and $73,030 in Odessa. Median household income is $12,759/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 Odessa?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Odessa has a cost index of 83 with rent of $1,322/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Odessa details →

More Comparisons

Other cost of living comparisons for Lakewood and Odessa

Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield Odessa vs. Elgin Odessa vs. Springfield Odessa vs. Provo Odessa vs. Beaumont Odessa vs. Waterbury Odessa vs. Gresham