Broomfield, CO vs Lakewood, CO

Lakewood is moderately more affordable than Broomfield, with a 12.4% lower cost of living index. Broomfield scores 152 compared to 135 for Lakewood, where the US average is 100. This difference means residents of Broomfield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Broomfield is $2,074/month compared to $1,746/month in Lakewood — a 19% difference. Home values follow the same pattern: Lakewood is more affordable at $548,200 median vs $631,600.

Median household income in Broomfield is $121,025 compared to $85,789 in Lakewood (+41.1%). While Broomfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Broomfield spend roughly 20.6% of their income on rent, less than the 24.4% in Lakewood.