Lakewood, CO vs Parker, CO

Lakewood is moderately more affordable than Parker, with a 8.3% lower cost of living index. Lakewood scores 135 compared to 147 for Parker, where the US average is 100. This difference means residents of Parker 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 $1,973/month in Parker — a 12% difference. Home values follow the same pattern: Lakewood is more affordable at $548,200 median vs $613,200.

Median household income in Lakewood is $85,789 compared to $129,342 in Parker (-33.7%). While Parker is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakewood spend roughly 24.4% of their income on rent, more than the 18.3% in Parker.