Cost of Living: Lakewood, CO vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,259/mo in Lakewood, CO versus $4,370/mo in Phoenix, AZ. In the model, rent is about 25.44% of gross in Lakewood, CO versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lakewood, CO and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Lakewood, CO
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Lakewood, CO
Cost of Living Index
Lakewood, CO: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Lakewood, CO has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Lakewood, CO: $1,659/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Lakewood, CO is $274/mo higher than in Phoenix, AZ.
Median Home Price
Lakewood, CO: $548,200 · Phoenix, AZ: $381,900
Median home price in Lakewood, CO is $166,300 higher than in Phoenix, AZ.
Median Household Income
Lakewood, CO: $85,789 · Phoenix, AZ: $77,041
Lakewood, CO has a higher median household income than Phoenix, AZ by $8,748.
Lakewood, CO overview · Phoenix, AZ overview · Popular comparisons