Black Forest 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.
IndexBlack ForestColoradoNational
Cost of living index128107100
IndexBlack ForestColoradoNational
Goods & Services index96101100
Groceries index9598100
Health care index103104100
Housing index208127100
Transportation index8499100
Utilities index8888100
Displayed above is a general overview of the Black Forest, CO cost of living index. The overall cost of living index in Black Forest, CO is 128, which is 20% higher than the Colorado average and 28% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Black Forest, CO are 5% lower than the Colorado average and 4% lower than the national average.

Did you know?

  • The cost of living in Black Forest is 20% higher than the Colorado average.
  • The cost of living in Black Forest is 28% higher than the national average.
  • The cost of housing in Black Forest is 108% 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.

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Use the salary calculator to compare your current salary in Black Forest, CO to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Black Forest, CO, then you would need to earn more income in order to maintain the same standard of living. To use the Black Forest, CO salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$107,475$8,956$2,508$3,225
Renters$67,031$5,586$1,564$2,011
One can approximate the cost of living and the housing affordability in Black Forest, CO by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Black Forest, CO have a median income of $107,475. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,508 per month to avoid calamity and poverty. The renters in the city have an income of about $67,031, which would make their monthly maximum allowable rental costs $1,564.

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 assessing the complete cost of living in Black Forest, CO, the Colorado income tax and the Colorado sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Colorado maximum surtax is 10%, and the Colorado sales tax is 2.9%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4.63% to 4.63% in Colorado.

Goods & Services

ItemBlack ForestNational avg.Difference
Haircut $13.20$14.599.5%
Beauty Salon $36.40$34.685.0%
Toothpaste $3.35$2.4735.4%
Shampoo $0.95$1.027.0%
Movie $9.65$9.872.2%
Bowling $3.35$4.3923.7%

Groceries

ItemBlack ForestNational avg.Difference
Ground Beef $4.71$4.485.2%
Fried Chicken $1.06$1.4627.6%
Milk $2.12$2.3610.0%
Potatoes $2.45$3.0620.0%
Pizza $8.40$9.249.1%
Beer $7.87$8.638.8%

Health Care

ItemBlack ForestNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $112.80$105.037.4%
Dentist $90.60$88.702.1%
Ibuprofen $9.66$9.412.6%
Lipitor $295.27$298.501.1%

Housing

ItemBlack ForestNational avg.Difference
Home Price $401,600.00$175,700.00128.6%
Avg. Mortgage Payment $1,062.29$1,081.031.7%
Apartment Rent $1,485.00$920.0061.4%

Transportation

ItemBlack ForestNational avg.Difference
Gasoline $1.62$2.0922.6%
Tire Balancing $45.98$45.291.5%

Utilities

ItemBlack ForestNational avg.Difference
All Electricity$132.82$170.8022.2%
Phone $28.98$28.262.6%
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.
Larkspur, CO20487-13%
Peyton, CO32988-12%
Elbert, CO17490-10%
Cimarron Hills, CO16,69894-6%
Colorado Springs, CO433,54799-1%
Black Forest, CO12,95912828%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
New Kensington, PA12,95987-13%
Lockhart, TX12,96690-10%
Grenada, MS12,95178-22%
Joppatowne, MD12,9481099%
Phelan, CA12,9471011%
Black Forest, CO12,95912828%
Source: The Black Forest, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.