Cost of Living: Peoria, AZ vs Lakewood, CO (2026)

Peoria

Arizona
125
VS

Lakewood

Colorado
141

Peoria is 11% cheaper than Lakewood.

$1,743/mo ≈ Same
Median Rent
$1,746/mo ≈ Same
$93,403/yr ↑ 9%
Median Income
$85,789/yr ↓ 8%
$429,400 ↓ 22%
Home Value
$548,200 ↑ 28%
$1,589/mo ↓ 8%
Owner Costs
$1,729/mo ↑ 9%
194,338
Population
156,309

Tax Comparison

2.5%
Income Tax
4.4%
5.6%
State Sales Tax
2.9%
0.62%
Property Tax
0.51%

Affordability

22.4%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Peoria, AZ and Lakewood, CO, the overall cost of living indices are 125 and 141 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $7,614/year higher in Peoria. Home values also differ significantly — the median in Peoria is $429,400 compared to $548,200 in Lakewood.

Arizona has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Peoria vs Lakewood — common questions

Is Peoria or Lakewood cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 125 compared to 141 (US average = 100).
What is the rent difference between Peoria and Lakewood?
Median rent in Peoria is $1,743/month and in Lakewood it's $1,746/month — a difference of $3/month.
Which city has higher income, Peoria or Lakewood?
Median household income is $93,403 in Peoria and $85,789 in Lakewood. Median household income is $7,614/year higher in Peoria.
How do taxes compare between Arizona and Colorado?
Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Peoria or Lakewood?
It depends on your priorities. Peoria has a cost index of 125 with median rent of $1,743/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 Peoria details → View Lakewood details →

More Comparisons

Other cost of living comparisons for Peoria and Lakewood

Peoria vs. Huntington Beach Peoria vs. Knoxville Peoria vs. Overland Park Peoria vs. Vancouver Peoria vs. Sioux Falls Peoria vs. Glendale Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield