Dove Valley 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.
IndexDove ValleyColoradoNational
Cost of living index105107100
IndexDove ValleyColoradoNational
Goods & Services index10299100
Groceries index106103100
Health care index107102100
Housing index110127100
Transportation index10495100
Utilities index9388100
The above illustration supplies generalized information for the Dove Valley, CO cost of living index. Compared to other cities in Colorado and cities across the country, the cost of living index in Dove Valley, CO is 105, which is 2% lower than the Colorado average and 5% 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 Dove Valley, CO are 3% higher than the average for Colorado and 2% higher than the rest of the country.

Did you know?

  • The cost of living in Dove Valley is 2% lower than the Colorado average.
  • The cost of living in Dove Valley is 5% higher than the national average.
  • The cost of housing in Dove Valley is 10% 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 Dove Valley, CO Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Dove Valley, CO to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Dove Valley, CO, you have to earn a higher income in order to still have the same standard of living. To operate the Dove Valley, CO salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,576$6,798$1,903$2,448
Renters$51,600$4,300$1,204$1,548
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Dove Valley, 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 Dove Valley, CO homeowners, is $81,576. This would allow for a maximum of $1,903 per month to be spent on housing costs. For renters, the median monthly income is $51,600 which would result in a maximum of $1,204 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 assessing the complete cost of living in Dove Valley, 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

ItemDove ValleyNational 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

ItemDove ValleyNational 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

ItemDove ValleyNational 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

ItemDove ValleyNational avg.Difference
Home Price $178,000.00$175,700.001.3%
Avg. Mortgage Payment $1,431.28$1,133.2326.3%
Apartment Rent $1,212.00$920.0031.7%

Transportation

ItemDove ValleyNational avg.Difference
Gasoline $1.99$1.990.4%
Tire Balancing $52.50$45.7614.7%

Utilities

ItemDove ValleyNational 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%
Lakeside, CO492-8%
Glendale, CO4,56496-4%
Sheridan, CO5,81998-2%
Sedalia, CO1011000%
Dove Valley, CO5,4011055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Monticello, IL5,40092-8%
Highwood, IL5,40013232%
La Habra Heights, CA5,39818989%
Williamson, AZ5,39812222%
Starke, FL5,40488-12%
Dove Valley, CO5,4011055%
Source: The Dove Valley, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.