Cost of Living: Nashville, TN vs Lakewood, CO (2026)

Nashville

Tennessee
110
VS

Lakewood

Colorado
141

Nashville is 22% cheaper than Lakewood.

$1,486/mo ↓ 15%
Median Rent
$1,746/mo ↑ 17%
$75,197/yr ↓ 12%
Median Income
$85,789/yr ↑ 14%
$383,100 ↓ 30%
Home Value
$548,200 ↑ 43%
$1,471/mo ↓ 15%
Owner Costs
$1,729/mo ↑ 18%
684,298
Population
156,309

Tax Comparison

0%
Income Tax
4.4%
7.0%
State Sales Tax
2.9%
0.64%
Property Tax
0.51%

Affordability

23.7%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Nashville, TN and Lakewood, CO, the overall cost of living indices are 110 and 141 respectively (national median = 100). Rent is $260/month cheaper in Nashville, saving renters about $3,120/year.

Median household income is $10,592/year higher in Lakewood. Home values also differ significantly — the median in Nashville is $383,100 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

Nashville vs Lakewood — common questions

Is Nashville or Lakewood cheaper to live in?
Based on our cost index, Nashville is cheaper to live in with an index of 110 compared to 141 (US average = 100).
What is the rent difference between Nashville and Lakewood?
Median rent in Nashville is $1,486/month and in Lakewood it's $1,746/month — a difference of $260/month.
Which city has higher income, Nashville or Lakewood?
Median household income is $75,197 in Nashville and $85,789 in Lakewood. Median household income is $10,592/year higher in Lakewood.
How do taxes compare between Tennessee and Colorado?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Nashville or Lakewood?
It depends on your priorities. Nashville has a cost index of 110 with median rent of $1,486/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 Nashville details → View Lakewood details →

More Comparisons

Other cost of living comparisons for Nashville and Lakewood

Nashville vs. Oklahoma City Nashville vs. El Paso Nashville vs. Denver Nashville vs. Washington Nashville vs. Seattle Nashville vs. Boston Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield