Genoa 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.
IndexGenoaColoradoNational
Cost of living index73107100
IndexGenoaColoradoNational
Goods & Services index9599100
Groceries index97103100
Health care index103102100
Housing index28127100
Transportation index9895100
Utilities index7388100

Did you know?

  • The cost of living in Genoa is 31% lower than the Colorado average.
  • The cost of living in Genoa is 27% lower than the national average.
  • The cost of housing in Genoa is 72% lower 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,000$4,583$1,283$1,650
Renters$0$0$0$0

Colorado Sales Tax

StateGeneral Sales TaxWith Max Surtax
Colorado2.9%10%

Colorado Income Tax

StateIncome Tax (Low)Income Tax (High)
Colorado4.63%4.63%

Goods & Services

ItemGenoaNational avg.Difference
Haircut $13.20$15.5615.2%
Beauty Salon $39.83$36.1110.3%
Toothpaste $2.78$2.4712.6%
Shampoo $0.94$0.962.2%
Movie $10.21$10.130.8%
Bowling $3.26$4.7431.2%

Groceries

ItemGenoaNational avg.Difference
Ground Beef $4.12$3.983.5%
Fried Chicken $1.32$1.416.2%
Milk $1.76$2.0614.7%
Potatoes $2.56$2.9814.0%
Pizza $8.32$9.4712.1%
Beer $8.45$8.793.9%

Health Care

ItemGenoaNational avg.Difference
Optometrist $104.72$101.043.6%
Doctor $117.27$107.449.1%
Dentist $91.10$90.420.8%
Ibuprofen $8.91$9.284.0%
Lipitor $426.59$426.500.0%

Housing

ItemGenoaNational avg.Difference
Home Price $50,000.00$175,700.0071.5%
Avg. Mortgage Payment $1,042.00$1,133.238.1%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemGenoaNational avg.Difference
Gasoline $1.86$1.996.7%
Tire Balancing $50.12$45.769.5%

Utilities

ItemGenoaNational avg.Difference
All Electricity$120.34$163.8126.5%
Phone $20.54$28.3927.7%
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.
Arriba, CO18676-24%
Hugo, CO65482-18%
Limon, CO1,68888-12%
Genoa, CO8773-27%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
San Antonito CDP (Socorro County), NM8789-11%
Columbia, VA8785-15%
Big Bend, CA8794-6%
Yankee Lake, OH8796-4%
Ingram, WI8779-21%
Genoa, CO8773-27%
Source: The Genoa, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.