Fort Collins 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.
IndexFort CollinsColoradoNational
Cost of living index106107100
IndexFort CollinsColoradoNational
Goods & Services index91101100
Groceries index9798100
Health care index101104100
Housing index135127100
Transportation index8799100
Utilities index10088100
A general overview of the cost of living index for Fort Collins, CO is displayed above. In Fort Collins, CO, the overall cost of living index is 106, which is 1% lower than the Colorado average and 6% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Fort Collins, CO, the city's goods and services are 10% lower than the Colorado average and 9% lower than the U.S. average.

Did you know?

  • The cost of living in Fort Collins is 1% lower than the Colorado average.
  • The cost of living in Fort Collins is 6% higher than the national average.
  • The cost of housing in Fort Collins is 35% 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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Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Fort Collins, CO to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Fort Collins, CO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Fort Collins, CO salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$80,698$6,725$1,883$2,421
Renters$33,324$2,777$778$1,000
The affordability of the housing market in Fort Collins, 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 Fort Collins, CO homeowners, the median income is $80,698. This indicates that a monthly maximum of $1,883 should be spent by homeowners on all housing related costs. Renters have a median income of $33,324. This indicates that renters should have a maximum of $778 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 Fort Collins, 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

ItemFort CollinsNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $31.00$34.6810.6%
Toothpaste $3.39$2.4737.1%
Shampoo $0.91$1.0211.0%
Movie $8.50$9.8713.9%
Bowling $3.00$4.3931.7%

Groceries

ItemFort CollinsNational avg.Difference
Ground Beef $4.85$4.488.3%
Fried Chicken $1.09$1.4625.5%
Milk $2.45$2.364.0%
Potatoes $2.15$3.0629.8%
Pizza $10.00$9.248.2%
Beer $8.92$8.633.3%

Health Care

ItemFort CollinsNational avg.Difference
Optometrist $134.33$99.7834.6%
Doctor $97.50$105.037.2%
Dentist $89.00$88.700.3%
Ibuprofen $9.27$9.411.5%
Lipitor $310.78$298.504.1%

Housing

ItemFort CollinsNational avg.Difference
Home Price $253,200.00$175,700.0044.1%
Avg. Mortgage Payment $962.56$1,081.0311.0%
Apartment Rent $1,036.00$920.0012.6%

Transportation

ItemFort CollinsNational avg.Difference
Gasoline $1.85$2.0911.3%
Tire Balancing $36.65$45.2919.1%

Utilities

ItemFort CollinsNational avg.Difference
All Electricity$149.54$170.8012.4%
Phone $33.10$28.2617.1%
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.
Laporte, CO2,87899-1%
Loveland, CO70,0931066%
Wellington, CO6,6341033%
Severance, CO3,35211111%
Windsor, CO19,86511515%
Fort Collins, CO149,6271066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hayward, CA149,59613636%
Pomona, CA151,14211919%
Rockford, IL151,29086-14%
Joliet, IL147,78699-1%
Escondido, CA147,60313030%
Fort Collins, CO149,6271066%
Source: The Fort Collins, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.