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

Lubbock

Texas
75
VS

Lakewood

Colorado
141

Lubbock is 47% cheaper than Lakewood.

$1,137/mo ↓ 35%
Median Rent
$1,746/mo ↑ 54%
$60,487/yr ↓ 29%
Median Income
$85,789/yr ↑ 42%
$197,900 ↓ 64%
Home Value
$548,200 ↑ 177%
$1,179/mo ↓ 32%
Owner Costs
$1,729/mo ↑ 47%
261,078
Population
156,309

Tax Comparison

0%
Income Tax
4.4%
6.25%
State Sales Tax
2.9%
1.6%
Property Tax
0.51%

Affordability

22.6%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Lubbock, TX and Lakewood, CO, the overall cost of living indices are 75 and 141 respectively (national median = 100). Rent is $609/month cheaper in Lubbock, saving renters about $7,308/year.

Median household income is $25,302/year higher in Lakewood. Home values also differ significantly — the median in Lubbock is $197,900 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

Lubbock vs Lakewood — common questions

Is Lubbock or Lakewood cheaper to live in?
Based on our cost index, Lubbock is cheaper to live in with an index of 75 compared to 141 (US average = 100).
What is the rent difference between Lubbock and Lakewood?
Median rent in Lubbock is $1,137/month and in Lakewood it's $1,746/month — a difference of $609/month.
Which city has higher income, Lubbock or Lakewood?
Median household income is $60,487 in Lubbock and $85,789 in Lakewood. Median household income is $25,302/year higher in Lakewood.
How do taxes compare between Texas and Colorado?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Lubbock or Lakewood?
It depends on your priorities. Lubbock has a cost index of 75 with median rent of $1,137/mo, while Lakewood has a cost index of 141 with rent of $1,746/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lubbock details → View Lakewood details →

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