Cost of Living: Lakewood, CO vs Spring Hill, FL (2026)

Lakewood

Colorado
141
VS

Spring Hill

Florida
85

Lakewood is 66% more expensive than Spring Hill.

$1,746/mo ↑ 34%
Median Rent
$1,301/mo ↓ 25%
$85,789/yr ↑ 29%
Median Income
$66,557/yr ↓ 22%
$548,200 ↑ 121%
Home Value
$248,400 ↓ 55%
$1,729/mo ↑ 50%
Owner Costs
$1,153/mo ↓ 33%
156,309
Population
118,814

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
6.0%
0.51%
Property Tax
0.86%

Affordability

24.4%
rent-to-income
Affordability
23.5%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Spring Hill, FL, the overall cost of living indices are 141 and 85 respectively (national median = 100). Rent is $445/month cheaper in Spring Hill, saving renters about $5,340/year.

Median household income is $19,232/year higher in Lakewood. Home values also differ significantly — the median in Lakewood is $548,200 compared to $248,400 in Spring Hill.

Florida has no state income tax, giving Spring Hill residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Lakewood vs Spring Hill — common questions

Is Lakewood or Spring Hill cheaper to live in?
Based on our cost index, Spring Hill is cheaper to live in with an index of 85 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Spring Hill?
Median rent in Lakewood is $1,746/month and in Spring Hill it's $1,301/month — a difference of $445/month.
Which city has higher income, Lakewood or Spring Hill?
Median household income is $85,789 in Lakewood and $66,557 in Spring Hill. Median household income is $19,232/year higher in Lakewood.
How do taxes compare between Colorado and Florida?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Lakewood or Spring Hill?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Spring Hill has a cost index of 85 with rent of $1,301/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Spring Hill details →

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