Cost of Living in Lakewood, Colorado
In Lakewood, the median household income is $89,792 and the median gross rent is $1,806/mo, with a median home value of $574,400. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $89,792
- Median gross rent
- $1,806/mo
- Median home value
- $574,400
- Population
- 156,583
How Lakewood compares to the Colorado average
| Measure | Lakewood, CO | Colorado statewide | Difference |
|---|---|---|---|
| Median household income | $89,792 | $95,470 | -5.9% |
| Median gross rent (monthly) | $1,806 | $1,761 | +2.6% |
| Median home value | $574,400 | $539,400 | +6.5% |
Statewide, Colorado prices average 103.1 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Lakewood
- Salary needed for median rent
- $72,240
- Rent burden at median income
- 24.1%
- Est. affordable home price
- $327,555
So that $1,806/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Lakewood is $574,400 — +75.4% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Colorado cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.