What is the cost of living in Lakewood, CO?
According to the most recent data on the cost of living, Lakewood has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.
Compared to Colorado, Lakewood has a cost of living index that's 1.2x higher than Colorado's index of 114.
The standard of living in Lakewood ranks as #67 most affordable out of the 111 places we measured in Colorado. By definition, that implies Lakewood ranks as the #44 most expensive place in the Centennial State.
For more reading on life in Lakewood, check out:
Lakewood Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Lakewood. Here is how it fares on each of the criteria:
The Services index in Lakewood is 104.
The Groceries index in Lakewood is 111.
The Health index in Lakewood is 196.
The Housing index in Lakewood is 107.
The Transportation index in Lakewood is 111.
The Utilities index in Lakewood is 111.
| Living Expense | Lakewood | Colorado | National Average |
|---|---|---|---|
| Overall | 136 | 114 | 100 |
| Services | 104 | 104 | 100 |
| Groceries | 111 | 107 | 100 |
| Health | 196 | 135 | 100 |
| Housing | 107 | 104 | 100 |
| Transportation | 111 | 107 | 100 |
| Utilities | 111 | 107 | 100 |
Lakewood Cost Of Living Compared To Colorado Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Colorado, check out:
Protect your home budget Compare home warranties in Lakewood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lakewood, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Lakewood is $573,912.
The Median Rent in Lakewood is $1,806.
The Median Income in Lakewood is $89,792.
The Home Value To Income in Lakewood is 6.4x.
The Rent To Monthly Income in Lakewood is 0.24x.
Lakewood, CO Costs By Category
Detailed Lakewood Services costs vs. Colorado
Detailed Lakewood Groceries costs vs. Colorado
Detailed Lakewood Health costs vs. Colorado
Detailed Lakewood Transportation costs vs. Colorado
Lakewood SnackAbility
Cost Of Living In Cities Around Lakewood
The cost of living varies in the cities and towns around Lakewood. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 142, 1.0x Lakewood.
Englewood, CO has a cost of living index of 130, 1.0x Lakewood.
Dakota Ridge, CO has a cost of living index of 137, 1.0x Lakewood.
| City | Population | Cost Of Living | Vs. Lakewood |
|---|---|---|---|
| Denver, CO | 718,877 | 142 | 1.0x |
| Englewood, CO | 34,129 | 130 | 1.0x |
| Dakota Ridge, CO | 33,753 | 137 | 1.0x |
| Wheat Ridge, CO | 32,070 | 136 | 1.0x |
| Golden, CO | 20,417 | 154 | 1.1x |
| Sherrelwood, CO | 18,692 | 123 | 0.9x |
| Welby, CO | 16,197 | 116 | 0.9x |
| Federal Heights, CO | 14,125 | 94 | 0.7x |
| Berkley, CO | 10,789 | 125 | 0.9x |
| Applewood, CO | 8,350 | 153 | 1.1x |
