salaryLakewood is the 5th-largest city in Colorado that we track, with 156,583 residents. Rent is higher than in 69% of U.S. cities. A typical house costs about 5.9 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $80,400 a year. That is $39 an hour at a full-time job.
Is rent cheaper than other Colorado cities?
Yes. Rent here is cheaper than in most of Colorado. It is number 53 of 112 cities from cheapest to most expensive.
How much do households earn in Lakewood?
Share of households by yearly income. 33.1% of households earn $100,000 or more.
Rent by apartment size in Lakewood
| Size | Lakewood | U.S. average |
|---|---|---|
| Studio | $1,824 | $1,338 |
| 1 bedroom | $1,760 | $1,324 |
| 2 bedrooms | $1,945 | $1,509 |
| 3 bedrooms | $2,290 | $1,698 |
| 4 bedrooms | $2,451 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lakewood overall?
Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lakewood, so the Colorado figure is shown.
Taxes and bills in Lakewood
Life in Lakewood
Is it cheaper to rent or buy in Lakewood?
Renting is cheaper right now: about $1,976 a month less.
Owning assumes a typical $574,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $57,440 for the down payment.
Frequently asked questions
What is the average rent in Lakewood, CO?
Renting in Lakewood costs a median of about $2,010 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Lakewood?
To keep rent under 30% of income, you need about $80,400 a year, or $39 an hour at a full-time job.
Is Lakewood cheap or expensive?
Lakewood is rated OK: rent takes 24.9% of the typical household income of $96,841. It ranks 53rd cheapest of 112 Colorado cities we track.
How much are property taxes in Lakewood?
The median homeowner in Lakewood pays $2,724 a year in property taxes, about 0.47% of the median home value.
Is Lakewood more expensive than the national average?
Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lakewood?
The median home value in Lakewood is $574,400, about 5.9 times the typical yearly household income.
156,583 people live in Lakewood. Numbers are typical (middle) values.