Cost of Living: Newport News, VA vs Lakewood, CO (2026)

Newport News

Virginia
87
VS

Lakewood

Colorado
141

Newport News is 38% cheaper than Lakewood.

$1,285/mo ↓ 26%
Median Rent
$1,746/mo ↑ 36%
$66,718/yr ↓ 22%
Median Income
$85,789/yr ↑ 29%
$243,300 ↓ 56%
Home Value
$548,200 ↑ 125%
$1,328/mo ↓ 23%
Owner Costs
$1,729/mo ↑ 30%
184,774
Population
156,309

Tax Comparison

5.75%
Income Tax
4.4%
5.3%
State Sales Tax
2.9%
0.8%
Property Tax
0.51%

Affordability

23.1%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Newport News, VA and Lakewood, CO, the overall cost of living indices are 87 and 141 respectively (national median = 100). Rent is $461/month cheaper in Newport News, saving renters about $5,532/year.

Median household income is $19,071/year higher in Lakewood. Home values also differ significantly — the median in Newport News is $243,300 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

Newport News vs Lakewood — common questions

Is Newport News or Lakewood cheaper to live in?
Based on our cost index, Newport News is cheaper to live in with an index of 87 compared to 141 (US average = 100).
What is the rent difference between Newport News and Lakewood?
Median rent in Newport News is $1,285/month and in Lakewood it's $1,746/month — a difference of $461/month.
Which city has higher income, Newport News or Lakewood?
Median household income is $66,718 in Newport News and $85,789 in Lakewood. Median household income is $19,071/year higher in Lakewood.
How do taxes compare between Virginia and Colorado?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Newport News or Lakewood?
It depends on your priorities. Newport News has a cost index of 87 with median rent of $1,285/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 Newport News details → View Lakewood details →

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