Applewood cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexApplewoodColoradoNational
Cost of living index124107100
IndexApplewoodColoradoNational
Goods & Services index103101100
Groceries index10098100
Health care index106104100
Housing index180127100
Transportation index9899100
Utilities index9388100
The above illustration supplies generalized information for the Applewood, CO cost of living index. Compared to other cities in Colorado and cities across the country, the cost of living index in Applewood, CO is 124, which is 16% higher than the Colorado average and 24% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Applewood, CO are 2% higher than the average for Colorado and 3% higher than the rest of the country.

Did you know?

  • The cost of living in Applewood is 16% higher than the Colorado average.
  • The cost of living in Applewood is 24% higher than the national average.
  • The cost of housing in Applewood is 80% higher than the national average.
  • Colorado general sales tax is 43% lower than the national average.
  • Colorado state income tax is 108% higher than the national average.

Find Real Estate Listings In Applewood

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Applewood

Compare Applewood, CO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Applewood, CO to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Applewood, CO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Applewood, CO salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$92,542$7,712$2,159$2,777
Renters$44,866$3,739$1,047$1,346
The affordability of the housing market in Applewood, CO as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Applewood, CO homeowners, the median income is $92,542. This indicates that a monthly maximum of $2,159 should be spent by homeowners on all housing related costs. Renters have a median income of $44,866. This indicates that renters should have a maximum of $1,047 used for their rent related monthly costs.

Colorado Sales Tax

StateGeneral Sales TaxWith Max Surtax
Colorado2.9%10%

Colorado Income Tax

StateIncome Tax (Low)Income Tax (High)
Colorado4.63%4.63%
The Colorado sales tax and Colorado income tax rates should definitely be considered when determining the overall cost of living in Applewood, CO. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Colorado sales tax is 2.9% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Colorado income tax rates range from 4.63% to 4.63%.

Goods & Services

ItemApplewoodNational avg.Difference
Haircut $17.25$14.5918.2%
Beauty Salon $35.00$34.680.9%
Toothpaste $3.00$2.4721.3%
Shampoo $1.10$1.027.6%
Movie $11.22$9.8713.7%
Bowling $6.75$4.3953.7%

Groceries

ItemApplewoodNational avg.Difference
Ground Beef $5.01$4.4811.9%
Fried Chicken $1.71$1.4616.8%
Milk $2.43$2.363.1%
Potatoes $2.55$3.0616.7%
Pizza $7.99$9.2413.6%
Beer $8.55$8.631.0%

Health Care

ItemApplewoodNational avg.Difference
Optometrist $101.85$99.782.1%
Doctor $124.80$105.0318.8%
Dentist $95.00$88.707.1%
Ibuprofen $9.24$9.411.8%
Lipitor $278.85$298.506.6%

Housing

ItemApplewoodNational avg.Difference
Home Price $348,000.00$175,700.0098.1%
Avg. Mortgage Payment $1,348.76$1,081.0324.8%
Apartment Rent $1,273.00$920.0038.4%

Transportation

ItemApplewoodNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $47.12$45.294.1%

Utilities

ItemApplewoodNational avg.Difference
All Electricity$153.48$170.8010.1%
Phone $27.57$28.262.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Federal Heights, CO11,83583-17%
Lakeside, CO490-10%
Derby, CO8,63893-7%
Glendale, CO4,56494-6%
North Washington, CO30395-5%
Applewood, CO7,46712424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Centerville, GA7,46893-7%
Bastrop, TX7,46995-5%
Globe, AZ7,46387-13%
Rockton, IL7,46193-7%
Fanwood, NJ7,47513838%
Applewood, CO7,46712424%
Source: The Applewood, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.