Housing Costs in Lakewood
Housing is typically the largest expense for Lakewood residents. In 2025, renting a 2-bedroom apartment in Lakewood ranges from $1,800 to $2,400 per month, depending on the neighborhood and amenities. Newer complexes with pools, fitness centers, and updated finishes tend to be on the higher end.
For those looking to purchase a home, a 3-bedroom single-family house in Lakewood averages between $450,000 and $650,000. Prices vary based on factors like lot size, age of the home, and proximity to parks or top-rated schools. Some popular neighborhoods for families include Green Mountain, Bear Creek, and Morse Park.
Many Lakewood neighborhoods have active homeowners associations (HOAs) that provide services like snow removal, landscaping, and community pools. Monthly HOA fees typically range from $200 to $400. While not required everywhere, it’s an important cost to factor in, especially for those considering newer developments or condos.
Utilities and Energy Bills
Lakewood residents can expect to pay around $180 to $250 per month for basic utilities like electricity, natural gas, water, and trash service. Costs may be higher in the summer months due to increased air conditioning use. Winter heating bills are generally more moderate, thanks to Colorado’s abundant sunshine.
High-speed internet and cable TV packages start at about $80 per month from providers like Xfinity and CenturyLink. Many residents opt for streaming services instead of traditional cable, which can help lower this monthly expense.
| Utility | Estimated Monthly Cost |
|---|---|
| Electricity | $80 – $120 |
| Natural Gas | $40 – $60 |
| Water/Sewer/Trash | $60 – $80 |
| Internet | $50 – $80 |
Groceries and Daily Expenses
Lakewood offers a variety of grocery store options, from major chains like King Soopers and Safeway to specialty markets like Sprouts and Whole Foods. A single person can expect to spend around $300 to $400 per month on groceries, while a family of four may spend closer to $800 to $1,000.
Eating out is a popular pastime in Lakewood, with a wide range of restaurants and cuisines available. A meal at a casual restaurant typically costs $12 to $20 per person, while a nicer sit-down restaurant may be $30 to $50 per person. Grabbing a quick breakfast burrito or sandwich is usually under $10.
Here’s a sample grocery list with estimated costs:
- Gallon of milk: $3.50
- Loaf of bread: $3.00
- Dozen eggs: $3.00
- Pound of chicken breast: $5.00
- Bag of rice: $2.50
Taxes and Fees
Lakewood’s sales tax rate is 7.5%, which includes both city and state taxes. Property taxes in Jefferson County, where Lakewood is located, are around 0.6% of a home’s assessed value. For a $500,000 house, that equates to roughly $3,000 per year or $250 per month.
Vehicle registration fees in Lakewood vary based on the type and age of the vehicle. For a new passenger car, registration costs around $500 for the first year and $250 to $400 for subsequent years. Drivers should also budget for regular car maintenance, gas, and insurance costs.
Monthly Budget Summary
| Expense Category | Single Person | Couple | Family of Four |
|---|---|---|---|
| Housing (Rent/Mortgage) | $1,200 – $1,600 | $1,800 – $2,400 | $2,000 – $3,000 |
| Utilities | $150 – $200 | $200 – $300 | $300 – $400 |
| Groceries & Dining Out | $400 – $600 | $600 – $800 | $800 – $1,200 |
| Transportation | $200 – $300 | $300 – $500 | $400 – $800 |
| Estimated Monthly Total | $1,950 – $2,700 | $2,900 – $4,000 | $3,500 – $5,400 |
Based on these estimates, a comfortable lifestyle in Lakewood may require a gross monthly income (pre-tax) of around $3,200 for a single person, $4,800 for a couple, or $6,000+ for a family. Keep in mind that these figures are general estimates and actual costs can vary significantly based on individual circumstances and lifestyle preferences.
Lifestyle Considerations
Lakewood offers a suburban lifestyle with easy access to the amenities of Denver, the great outdoors, and a thriving local community. Commute times to downtown Denver average 20 to 30 minutes, depending on traffic. Many Lakewood residents also work at the nearby Denver Federal Center or in other parts of Jefferson County.
Lakewood is known for its extensive park system, with over 7,000 acres of green space and miles of hiking and biking trails. Bear Creek Lake Park is a popular spot for fishing, paddling, and picnicking. The city also boasts a lively arts and culture scene, with regular events at the Lakewood Cultural Center and along West Colfax Avenue.
Housing options in Lakewood range from cozy mid-century bungalows to spacious new builds, with a mix of urban and suburban neighborhoods to choose from. Those prioritizing walkability and shorter commutes may prefer areas like Belmar or Lakewood City Center, while families seeking more space and top-rated schools often look to Solterra or Green Mountain.
Frequently Asked Questions
- Q: Is Lakewood an affordable place to live?
A: Compared to central Denver, Lakewood offers more affordable housing options. However, it is still relatively expensive compared to other parts of the U.S. - Q: How much do I need to earn to live comfortably in Lakewood?
A: A gross monthly income of at least $3,200 for a single person or $6,000 for a family is recommended to live comfortably in Lakewood. - Q: What is the job market like in Lakewood?
A: Lakewood has a diverse job market, with major employers in healthcare, government, education, and retail. Many residents also commute to Denver for work. - Q: Are there good schools in Lakewood?
A: Yes, Lakewood is served by the well-regarded Jefferson County Public Schools district. It is home to several top-rated schools, including Green Mountain High School and Devinny Elementary. - Q: What is the crime rate in Lakewood?
A: Lakewood has a relatively low crime rate compared to other Denver suburbs. However, property crime can be an issue in some neighborhoods, so it’s important to take standard precautions.