Zip 80227 (Lakewood, CO) Cost of Living


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How much do I need to live in Lakewood, Colorado?
$8,460 / month
for a family, 56.7% more expensive than the national average A total of $101,520 for the year for a family.
$4,967 / month
for a single person, 4.2% more expensive than the national average A total of $59,600 for the year for a single person.

Lakewood cost of living score
132.7
More expensive
32.7% higher
than the US average
10.1% higher
than the Colorado average
Lakewood (zip 80227), Colorado gets a BestPlaces Cost of Living score of 132.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 32.7% higher than the U.S. average and 10.1% lower than the average for Colorado.

Zip 80227 (Lakewood, CO)

Housing costs in Lakewood?
A typical home costs $530,700, which is 57.0% more expensive than the national average of $338,100 and 0.7% more expensive than the average Colorado home, at $527,200. Renting a two-bedroom unit in Lakewood costs $1,800 per month, which is 9.1% more than the national average of $1,650 and 3.3% cheaper than the state average of $1,860.

Can I afford Lakewood?
To live comfortably in Lakewood (zip 80227), Colorado, a minimum annual income of $101,520 for a family, and $59,600 for a single person is recommended.

What does A.I. say about Lakewood?
The cost of living in 80227 Lakewood, CO is fairly high compared to the national average. As of October 2020, the estimated median home price in this zip code was $524,800 - a figure that is significantly higher than the national average of $231,200. Renters can expect to pay around $1,720 for a one bedroom apartment. The area also has above-average food and transportation costs when compared to the USAverage. Additionally, utility bills such as electric and water can be quite expensive. Overall, living in 80227 Lakewood, CO can be an expensive endeavor; however with its close proximity to Denver's many attractions and outdoor activities it may well be worth it!
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLakewoodColoradoUnited States
    Unlock120.5100.0
  101.0  Unlock100.0
    Unlock83.8100.0
  174.9  Unlock100.0
    Unlock$527,200$338,100
  93.7  Unlock100.0
    Unlock106.7100.0
  154.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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