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

Plano

Texas
132
VS

Lakewood

Colorado
141

Plano is 6% cheaper than Lakewood.

$1,792/mo ↑ 3%
Median Rent
$1,746/mo ↓ 3%
$108,649/yr ↑ 27%
Median Income
$85,789/yr ↓ 21%
$440,600 ↓ 20%
Home Value
$548,200 ↑ 24%
$1,829/mo ↑ 6%
Owner Costs
$1,729/mo ↓ 5%
287,339
Population
156,309

Tax Comparison

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

Affordability

19.8%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Lakewood, CO, the overall cost of living indices are 132 and 141 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $22,860/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

Plano vs Lakewood — common questions

Is Plano or Lakewood cheaper to live in?
Based on our cost index, Plano is cheaper to live in with an index of 132 compared to 141 (US average = 100).
What is the rent difference between Plano and Lakewood?
Median rent in Plano is $1,792/month and in Lakewood it's $1,746/month — a difference of $46/month.
Which city has higher income, Plano or Lakewood?
Median household income is $108,649 in Plano and $85,789 in Lakewood. Median household income is $22,860/year higher in Plano.
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 Plano or Lakewood?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/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 Plano details → View Lakewood details →

More Comparisons

Other cost of living comparisons for Plano and Lakewood

Plano vs. Durham Plano vs. Chandler Plano vs. Anchorage Plano vs. Buffalo Plano vs. Jersey City Plano vs. Madison Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield