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

Lakewood

Colorado
141
VS

Richardson

Texas
128

Lakewood is 10% more expensive than Richardson.

$1,746/mo ↓ 4%
Median Rent
$1,825/mo ↑ 5%
$85,789/yr ↓ 11%
Median Income
$96,257/yr ↑ 12%
$548,200 ↑ 35%
Home Value
$405,600 ↓ 26%
$1,729/mo ↓ 4%
Owner Costs
$1,796/mo ↑ 4%
156,309
Population
118,269

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
22.8%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Richardson, TX, the overall cost of living indices are 141 and 128 respectively (national median = 100). Rent is $79/month cheaper in Lakewood, saving renters about $948/year.

Median household income is $10,468/year higher in Richardson. Home values also differ significantly — the median in Lakewood is $548,200 compared to $405,600 in Richardson.

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

Frequently Asked Questions

Lakewood vs Richardson — common questions

Is Lakewood or Richardson cheaper to live in?
Based on our cost index, Richardson is cheaper to live in with an index of 128 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Richardson?
Median rent in Lakewood is $1,746/month and in Richardson it's $1,825/month — a difference of $79/month.
Which city has higher income, Lakewood or Richardson?
Median household income is $85,789 in Lakewood and $96,257 in Richardson. Median household income is $10,468/year higher in Richardson.
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 Richardson?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Richardson details →

More Comparisons

Other cost of living comparisons for Lakewood and Richardson

Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater