Is Miami, FL cheaper than Lakewood, CO?

Based on cost of living data, Miami, FL is 15.6% more expensive than Lakewood, CO. This translates to spending an extra $1173 per month.

What salary do I need in Miami, FL to live like I do in Lakewood, CO?

If you earn $150,000 in Lakewood, CO, you'd need approximately $164,079.345 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Lakewood, CO and Miami, FL?

Housing in Miami, FL is 30.5% more expensive than in Lakewood, CO. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $1,599/month in Lakewood, CO.

How much can I save per month by moving from Lakewood, CO to Miami, FL?

Living in Miami, FL costs approximately $1173 more per month than Lakewood, CO, or $14079 more per year, based on a $150,000 salary.

Lakewood, CO vs Miami, FL: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Lakewood, CO

Numbers update automatically as you type

You'd spend $1.2K/month more in Miami, FL

$150.0K in your current city equals $164.1K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Denver-Aurora-Lakewood, CO area

Overall Cost

↑ 15.6%

More expensive

Monthly Impact

$1,173

Extra cost

Annual Impact

$14.1K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Lakewood, CO

Population:156K

Cost Index:

100

100 = national average

Median Home:$585K

Miami, FL

Population:442K

Cost Index:

116

(16% above avg)

Median Home:$510K

Lakewood, CO

The Centennial State

156K

Population

State Tax

Yes

Located in Colorado, this city has a population of 156K residents.

Miami, FL

The Sunshine State

442K

Population

State Tax

No Income Tax

Climate

Tropical

Notable Facts

•Gateway to Latin America
•Major cruise port
•International business hub

Major Industries

International TradeTourismFinanceReal Estate

Cost Breakdown by Category

Annual spending: Lakewood, CO vs Miami, FL

Category	Lakewood, CO	Miami, FL	Difference	Change
Housing	$2,827/mo	$3,690/mo	↑ $863more	30.5%
Other	$1,716/mo	$2,093/mo	↑ $377more	22.0%
Groceries	$1,012/mo	$1,079/mo	↑ $67.13more	6.6%
Transportation	$1,413/mo	$1,462/mo	↑ $48.35more	3.4%
Healthcare	$621/mo	$589/mo	↓ $32.83less	5.3%
All Utilities	$510/mo	$519/mo	↑ $8.66more	1.7%

Housing

↑ 30.5%

Lakewood, CO

$2,827

Miami, FL

$3,690

Difference

$863

Other

↑ 22.0%

Lakewood, CO

$1,716

Miami, FL

$2,093

Difference

$377

Groceries

↑ 6.6%

Lakewood, CO

$1,012

Miami, FL

$1,079

Difference

$67.13

Transportation

↑ 3.4%

Lakewood, CO

$1,413

Miami, FL

$1,462

Difference

$48.35

Healthcare

↓ 5.3%

Lakewood, CO

$621

Miami, FL

$589

Difference

$32.83

less

All Utilities

↑ 1.7%

Lakewood, CO

$510

Miami, FL

$519

Difference

$8.66

🏠Rent Comparison

Studio

From$1,257

To$1,995

↑ $738

1 Bed

From$1,344

To$2,180

↑ $836

2 Bed

From$1,599

To$2,660

↑ $1,061

3 Bed

From$2,092

To$3,415

↑ $1,323

Lakewood, COZIP-level data

1BR range: $1,620–$1,900/mo

Miami, FLZIP-level data

1BR range: $1,550–$2,990/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$8,100

Monthly in Lakewood, CO

$9,431

Monthly in Miami, FL

$1,331

Difference

Home Values

Lakewood

Miami

$585K

Median Value

$510K

↓ -2.6%

YoY Change

↓ -3.6%

↑ +20.1%

5-Year Change

↑ +49.4%

$519K - $652K

Price Range

$278K - $1.53M

Homes in Miami are 13% less expensive than Lakewood

Calculate payment - Lakewood Calculate payment - Miami

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $6.6K

Per year

Monthly Difference

$550

More take-home

Effective Rate Diff

4.4%

Rate difference

Lakewood, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Miami, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Lakewood, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.