Cost of Living in Lakewood, CO
Lakewood has a cost of living index of 112 (100 = national average), making it more expensive than the national average. The median household income is $65,740 and the median home price is $480,000.
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Lakewood at a Glance
Population
155,984
Cost of Living Index
112
Median Income
$65,740
Median Home Price
$480,000
Property Tax Rate
0.54%
Sales Tax Rate
8.00%
Rent Index
108
State
Colorado
Living in Lakewood
Lakewood has a cost of living slightly above the national average. While housing at $480,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Lakewood is 8.00%, and the effective property tax rate is 0.54%. Property taxes are relatively low compared to the national average.