Centennial, CO vs Lakewood, CO

Lakewood is moderately more affordable than Centennial, with a 11.9% lower cost of living index. Centennial scores 151 compared to 135 for Lakewood, where the US average is 100. This difference means residents of Centennial can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Centennial is $2,061/month compared to $1,746/month in Lakewood — a 18% difference. Home values follow the same pattern: Lakewood is more affordable at $548,200 median vs $626,700.

Median household income in Centennial is $128,167 compared to $85,789 in Lakewood (+49.4%). While Centennial is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Centennial spend roughly 19.3% of their income on rent, less than the 24.4% in Lakewood.