Aurora 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.
IndexAuroraColoradoNational
Cost of living index101107100
IndexAuroraColoradoNational
Goods & Services index103101100
Groceries index10098100
Health care index106104100
Housing index103127100
Transportation index9899100
Utilities index9388100
The above illustration supplies generalized information for the Aurora, CO cost of living index. Compared to other cities in Colorado and cities across the country, the cost of living index in Aurora, CO is 101, which is 5% lower than the Colorado average and 1% 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 Aurora, 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 Aurora is 5% lower than the Colorado average.
  • The cost of living in Aurora is 1% higher than the national average.
  • The cost of housing in Aurora is 3% 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 Aurora

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Aurora

Compare Aurora, 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 Aurora, 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 Aurora, CO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Aurora, 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$69,165$5,764$1,614$2,075
Renters$34,772$2,898$811$1,043
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Aurora, CO as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Aurora, CO homeowners, is $69,165. This would allow for a maximum of $1,614 per month to be spent on housing costs. For renters, the median monthly income is $34,772 which would result in a maximum of $811 to be spent on rental 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%
When considering the overall cost of living expenses in Aurora, CO, it's important to take into account the sales tax for Colorado, as well as the rate for income tax in Colorado. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Colorado is 10%, and the sales tax in the state of Colorado is 2.9%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Colorado starts from 4.63% and goes up to 4.63%.

Goods & Services

ItemAuroraNational 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

ItemAuroraNational 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

ItemAuroraNational 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

ItemAuroraNational avg.Difference
Home Price $179,300.00$175,700.002.0%
Avg. Mortgage Payment $1,348.76$1,081.0324.8%
Apartment Rent $983.00$920.006.8%

Transportation

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

Utilities

ItemAuroraNational 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%
Aurora, CO339,4801011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Anaheim, CA342,97313939%
Honolulu, HI345,13018282%
Santa Ana, CA331,26613030%
Tampa, FL348,93497-3%
Bakersfield, CA358,7001066%
Aurora, CO339,4801011%
Source: The Aurora, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.