Cost of Living: Colorado Springs, CO vs Lakewood, CO
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,259/mo in Colorado Springs, CO versus $4,259/mo in Lakewood, CO. In the model, rent is about 22.77% of gross in Colorado Springs, CO versus 25.44% in Lakewood, CO, so Colorado Springs, CO tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Colorado Springs, CO and Lakewood, CO.
At a glance
- Cheaper overall (lower cost-of-living index): Colorado Springs, CO
- Lower rent (median 1BR/2BR): Colorado Springs, CO
- Lower home prices: Colorado Springs, CO
- Higher median household income: Lakewood, CO
Cost of Living Index
Colorado Springs, CO: 98.5 (U.S. = 100) · Lakewood, CO: 100 (U.S. = 100)
Colorado Springs, CO has a lower cost-of-living index than Lakewood, CO, so a given salary generally stretches further there.
Median Rent
Colorado Springs, CO: $1,484/mo (midpoint of 1BR/2BR) · Lakewood, CO: $1,659/mo
Median rent in Lakewood, CO is $175/mo higher than in Colorado Springs, CO.
Median Home Price
Colorado Springs, CO: $420,700 · Lakewood, CO: $548,200
Median home price in Lakewood, CO is $127,500 higher than in Colorado Springs, CO.
Median Household Income
Colorado Springs, CO: $83,198 · Lakewood, CO: $85,789
Lakewood, CO has a higher median household income than Colorado Springs, CO by $2,591.
Colorado Springs, CO overview · Lakewood, CO overview · Popular comparisons