Castle Pines 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.
IndexCastle PinesColoradoNational
Cost of living index139107100
IndexCastle PinesColoradoNational
Goods & Services index10299100
Groceries index106103100
Health care index107102100
Housing index226127100
Transportation index10495100
Utilities index9388100
Displayed above is a general overview of the Castle Pines, CO cost of living index. The overall cost of living index in Castle Pines, CO is 139, which is 31% higher than the Colorado average and 39% 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 Castle Pines, CO are 3% higher than the Colorado average and 2% higher than the national average.

Did you know?

  • The cost of living in Castle Pines is 31% higher than the Colorado average.
  • The cost of living in Castle Pines is 39% higher than the national average.
  • The cost of housing in Castle Pines is 126% 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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Compare Castle Pines, CO Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Castle Pines, 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 Castle Pines, CO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Castle Pines, 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$153,409$12,784$3,579$4,603
Renters$78,015$6,501$1,820$2,341
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Castle Pines, CO, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Castle Pines, CO homeowners have a median income of $153,409. Using that number, you will come up with a maximum of $3,579 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $78,015, which means there is a maximum of $1,820 to be spent on the costs of renting a home or apartment.

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 Castle Pines, 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

ItemCastle PinesNational avg.Difference
Haircut $18.59$15.5619.4%
Beauty Salon $36.88$36.112.1%
Toothpaste $3.14$2.4726.9%
Shampoo $0.97$0.960.2%
Movie $11.18$10.1310.4%
Bowling $6.03$4.7427.3%

Groceries

ItemCastle PinesNational avg.Difference
Ground Beef $4.77$3.9819.6%
Fried Chicken $1.40$1.410.5%
Milk $1.78$2.0613.7%
Potatoes $2.81$2.985.8%
Pizza $7.33$9.4722.7%
Beer $8.43$8.794.1%

Health Care

ItemCastle PinesNational avg.Difference
Optometrist $102.80$101.041.7%
Doctor $134.18$107.4424.9%
Dentist $90.01$90.420.4%
Ibuprofen $9.40$9.281.3%
Lipitor $426.52$426.500.0%

Housing

ItemCastle PinesNational avg.Difference
Home Price $454,300.00$175,700.00158.6%
Avg. Mortgage Payment $1,431.28$1,133.2326.3%
Apartment Rent $1,389.00$920.0051.0%

Transportation

ItemCastle PinesNational avg.Difference
Gasoline $1.99$1.990.4%
Tire Balancing $52.50$45.7614.7%

Utilities

ItemCastle PinesNational avg.Difference
All Electricity$135.90$163.8117.0%
Phone $30.43$28.397.2%
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.
Rock Creek Park, CO01022%
Sheridan, CO5,81998-2%
Sedalia, CO1011000%
Elizabeth, CO1,2701044%
Dove Valley, CO5,4011055%
Castle Pines, CO10,62613939%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sussex, WI10,63211111%
Ventnor City, NJ10,63212525%
White House, TN10,61897-3%
Lansdowne, PA10,6181077%
Londonderry, NH10,63712828%
Castle Pines, CO10,62613939%
Source: The Castle Pines, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.