Lakewood, CO vs Loveland, CO

Loveland is moderately more affordable than Lakewood, with a 10.4% lower cost of living index. Lakewood scores 135 compared to 122 for Loveland, where the US average is 100. This difference means residents of Lakewood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lakewood is $1,746/month compared to $1,683/month in Loveland — a 4% difference. Home values follow the same pattern: Loveland is more affordable at $453,100 median vs $548,200.

Median household income in Lakewood is $85,789 compared to $82,592 in Loveland (+3.9%). Lakewood does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lakewood spend roughly 24.4% of their income on rent, less than the 24.5% in Loveland.