Cost of Living: New York, NY vs Lakewood, CO (2026)

New York

New York
166
VS

Lakewood

Colorado
141

New York is 18% more expensive than Lakewood.

$1,779/mo ↑ 2%
Median Rent
$1,746/mo ↓ 2%
$79,713/yr ↓ 7%
Median Income
$85,789/yr ↑ 8%
$751,700 ↑ 37%
Home Value
$548,200 ↓ 27%
$1,837/mo ↑ 6%
Owner Costs
$1,729/mo ↓ 6%
8,516,202
Population
156,309

Tax Comparison

10.9%
Income Tax
4.4%
4.0%
State Sales Tax
2.9%
1.62%
Property Tax
0.51%

Affordability

26.8%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing New York, NY and Lakewood, CO, the overall cost of living indices are 166 and 141 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $6,076/year higher in Lakewood. Home values also differ significantly — the median in New York is $751,700 compared to $548,200 in Lakewood.

Colorado has a lower income tax rate, making Lakewood slightly more tax-friendly.

Frequently Asked Questions

New York vs Lakewood — common questions

Is New York or Lakewood cheaper to live in?
Based on our cost index, Lakewood is cheaper to live in with an index of 141 compared to 166 (US average = 100).
What is the rent difference between New York and Lakewood?
Median rent in New York is $1,779/month and in Lakewood it's $1,746/month — a difference of $33/month.
Which city has higher income, New York or Lakewood?
Median household income is $79,713 in New York and $85,789 in Lakewood. Median household income is $6,076/year higher in Lakewood.
How do taxes compare between New York and Colorado?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to New York or Lakewood?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 New York details → View Lakewood details →

More Comparisons

Other cost of living comparisons for New York and Lakewood

New York vs. Allen New York vs. Los Angeles New York vs. Tuscaloosa New York vs. Chicago New York vs. Tyler New York vs. Houston Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield