Lakewood, CO vs Longmont, CO

Lakewood, CO and Longmont, CO have a very similar cost of living, with only a 1.6% difference in their overall index. Lakewood scores 135 while Longmont scores 133 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lakewood is $1,746/month compared to $1,755/month in Longmont — a 1% difference. Interestingly, home values tell a different story: while Lakewood has cheaper rent, Longmont actually has lower median home values ($541,400 vs $548,200).

Median household income in Lakewood is $85,789 compared to $89,724 in Longmont (-4.4%). Longmont offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lakewood spend roughly 24.4% of their income on rent, more than the 23.5% in Longmont.