Frederick 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.
IndexFrederickColoradoNational
Cost of living index112107100
IndexFrederickColoradoNational
Goods & Services index103101100
Groceries index10098100
Health care index106104100
Housing index141127100
Transportation index9899100
Utilities index9388100
A general summary of the cost of living index in Frederick, CO is shown above. Compared to the state average of Colorado the cost of living index in Frederick, CO is 112, which is 5% higher than the average in Colorado and compared to the national average it is 12% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Frederick, CO goods and services come in at 2% higher than the average in Colorado and are 3% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Frederick is 5% higher than the Colorado average.
  • The cost of living in Frederick is 12% higher than the national average.
  • The cost of housing in Frederick is 41% 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 Frederick, 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 Frederick, CO, then you would need to earn more income in order to maintain the same standard of living. To use the Frederick, 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$82,569$6,881$1,926$2,477
Renters$64,659$5,388$1,509$1,940
The affordability of the housing market in Frederick, 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 Frederick, CO homeowners, the median income is $82,569. This indicates that a monthly maximum of $1,926 should be spent by homeowners on all housing related costs. Renters have a median income of $64,659. This indicates that renters should have a maximum of $1,509 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%
When assessing the complete cost of living in Frederick, 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

ItemFrederickNational 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

ItemFrederickNational 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

ItemFrederickNational 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

ItemFrederickNational avg.Difference
Home Price $225,000.00$175,700.0028.1%
Avg. Mortgage Payment $1,348.76$1,081.0324.8%
Apartment Rent $1,564.00$920.0070.0%

Transportation

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

Utilities

ItemFrederickNational 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.
Blue Sky, CO01000%
Leyner, CO311000%
Gilcrest, CO98293-7%
Lochbuie, CO5,12795-5%
Fort Lupton, CO7,59597-3%
Frederick, CO9,63611212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Polk South, LA9,6351055%
Bardmoor, FL9,63596-4%
Hackettstown, NJ9,63311919%
Lake Wylie, SC9,64011414%
Waimea, HI9,64216767%
Frederick, CO9,63611212%
Source: The Frederick, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.