Colorado Springs vs Lakewood

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Colorado Springs has the same purchasing power as $95,000 in Lakewood.

Conversely, $75,000 in Lakewood equals $59,211 in Colorado Springs.

Living in Colorado Springs vs Lakewood

Housing Costs

Colorado Springs's housing index of 115 is lower Lakewood's 188, translating to median home prices of $380,000 vs $574,000. The $194,000 difference in home prices means roughly $12,612 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,500/mo in Colorado Springs compared to $1,850/mo in Lakewood, a monthly difference of $350.

Grocery & Food Costs

Grocery expenses index at 100 in Colorado Springs and 101 in Lakewood. A household spending the national average of $475/month on groceries would pay approximately $475/month in Colorado Springs vs $480/month in Lakewood. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 93 in Colorado Springs and 85 in Lakewood. Monthly utility bills average approximately $372 in Colorado Springs vs $340 in Lakewood. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 104 in Colorado Springs and 84 in Lakewood. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 20-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $64,712 in Colorado Springs and $83,800 in Lakewood. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $61,630 and $63,008 respectively. Lakewood residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,510/month to housing in Colorado Springs vs $1,955/month in Lakewood. In Colorado Springs, median rent of $1,500/mo fits within this budget. In Lakewood, median rent of $1,850/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 73 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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