Cost of Living in Lakewood
Denver's western gateway — Bear Creek Lake, Casa Bonita, and light rail to downtown
Housing
Housing Market
- Median Home Price
- $557K–$566K
- Price per Sq Ft
- ~$270/sqft
- Data Year
- 2026
- Year-over-Year Change
- Down 2.6–2.8% YoY (Feb 2026)
- Avg Days on Market
- 42 days (up from 27 days prior year)
Taxes
Tax Rates
- Property Tax Rate
- Jefferson County — residential assessed at 6.25-7.05%
- Sales Tax Rate
- 7.5% combined
- Cost of Living vs National
- Below Denver, above national average. Housing competitive for west-side metro.
Utilities
Monthly Costs
- Electric & Gas
- Xcel Energy
- Internet Providers
- Comcast/Xfinity, CenturyLink/Lumen
Income
Income & Cost Context
- Median Household Income
- $89,792
- Cost of Living Index
- Below Denver, above national average
Common Questions
FAQ — Lakewood
What is the median home price in Lakewood?
As of February 2026, the median home price in Lakewood is approximately $557K–$566K at roughly $270 per square foot. Redfin reports $557K (down 2.6% year-over-year) while Zillow shows $566K (down 2.8%). Prices range from $300K condos to $1M+ homes in Solterra and Green Mountain neighborhoods. Homes average about 42 days on market, up from 27 days the prior year.
What is the cost of living in Lakewood?
Lakewood’s cost of living is below Denver but above the national average, making housing competitive for the west-side metro. The combined sales tax rate is 7.5%. Residential properties are assessed at 6.25–7.05% under Jefferson County rates. Median household income is $89,792.