Cost of Living: Springfield, MO vs Lakewood, CO (2026)

Springfield

Missouri
60
VS

Lakewood

Colorado
141

Springfield is 57% cheaper than Lakewood.

$920/mo ↓ 47%
Median Rent
$1,746/mo ↑ 90%
$45,984/yr ↓ 46%
Median Income
$85,789/yr ↑ 87%
$165,200 ↓ 70%
Home Value
$548,200 ↑ 232%
$908/mo ↓ 47%
Owner Costs
$1,729/mo ↑ 90%
169,432
Population
156,309

Tax Comparison

4.95%
Income Tax
4.4%
4.225%
State Sales Tax
2.9%
0.93%
Property Tax
0.51%

Affordability

24.0%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Springfield, MO and Lakewood, CO, the overall cost of living indices are 60 and 141 respectively (national median = 100). Rent is $826/month cheaper in Springfield, saving renters about $9,912/year.

Median household income is $39,805/year higher in Lakewood. Home values also differ significantly — the median in Springfield is $165,200 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

Springfield vs Lakewood — common questions

Is Springfield or Lakewood cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 141 (US average = 100).
What is the rent difference between Springfield and Lakewood?
Median rent in Springfield is $920/month and in Lakewood it's $1,746/month — a difference of $826/month.
Which city has higher income, Springfield or Lakewood?
Median household income is $45,984 in Springfield and $85,789 in Lakewood. Median household income is $39,805/year higher in Lakewood.
How do taxes compare between Missouri and Colorado?
Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Springfield or Lakewood?
It depends on your priorities. Springfield has a cost index of 60 with median rent of $920/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 Springfield details → View Lakewood details →

More Comparisons

Other cost of living comparisons for Springfield and Lakewood

Springfield vs. Fort Collins Springfield vs. Palmdale Springfield vs. Lancaster Springfield vs. Salinas Springfield vs. Pembroke Pines Springfield vs. Hayward Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield