Cost of Living: Lakewood, CO vs Westminster, CO (2026)

Lakewood

Colorado
141
VS

Westminster

Colorado
139

Lakewood and Westminster have a similar cost of living.

$1,746/mo ↓ 4%
Median Rent
$1,816/mo ↑ 4%
$85,789/yr ↓ 11%
Median Income
$96,145/yr ↑ 12%
$548,200 ↑ 10%
Home Value
$497,400 ↓ 9%
$1,729/mo ↓ 6%
Owner Costs
$1,841/mo ↑ 6%
156,309
Population
115,546

Tax Comparison

4.4%
Income Tax
4.4%
2.9%
State Sales Tax
2.9%
0.51%
Property Tax
0.51%

Affordability

24.4%
rent-to-income
Affordability
22.7%
rent-to-income

Detailed Comparison

When comparing Lakewood, CO and Westminster, CO, the overall cost of living indices are 141 and 139 respectively (national median = 100). Rent is $70/month cheaper in Lakewood, saving renters about $840/year.

Median household income is $10,356/year higher in Westminster. Home values also differ significantly — the median in Lakewood is $548,200 compared to $497,400 in Westminster.

Both cities share the same state tax structure since they are in Colorado.

Frequently Asked Questions

Lakewood vs Westminster — common questions

Is Lakewood or Westminster cheaper to live in?
Based on our cost index, Westminster is cheaper to live in with an index of 139 compared to 141 (US average = 100).
What is the rent difference between Lakewood and Westminster?
Median rent in Lakewood is $1,746/month and in Westminster it's $1,816/month — a difference of $70/month.
Which city has higher income, Lakewood or Westminster?
Median household income is $85,789 in Lakewood and $96,145 in Westminster. Median household income is $10,356/year higher in Westminster.
How do taxes compare between Colorado and Colorado?
Both cities are in Colorado and share the same state tax rates: 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Lakewood or Westminster?
It depends on your priorities. Lakewood has a cost index of 141 with median rent of $1,746/mo, while Westminster has a cost index of 139 with rent of $1,816/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lakewood details → View Westminster details →

More Comparisons

Other cost of living comparisons for Lakewood and Westminster

Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield Westminster vs. Antioch Westminster vs. Manchester Westminster vs. Broken Arrow Westminster vs. Richmond Westminster vs. West Jordan Westminster vs. High Point