Gleneagle 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.
IndexGleneagleColoradoNational
Cost of living index113107100
IndexGleneagleColoradoNational
Goods & Services index9599100
Groceries index97103100
Health care index103102100
Housing index161127100
Transportation index9895100
Utilities index7388100
A general summary of the cost of living index in Gleneagle, CO is shown above. Compared to the state average of Colorado the cost of living index in Gleneagle, CO is 113, which is 6% higher than the average in Colorado and compared to the national average it is 13% 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 Gleneagle, CO goods and services come in at 5% lower than the average in Colorado and are 6% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Gleneagle is 6% higher than the Colorado average.
  • The cost of living in Gleneagle is 13% higher than the national average.
  • The cost of housing in Gleneagle is 61% 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 Gleneagle, CO Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Gleneagle, CO would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Gleneagle, CO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Gleneagle, CO salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$113,438$9,453$2,647$3,403
Renters$52,279$4,357$1,220$1,569
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Gleneagle, CO, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Gleneagle, CO has a median income of about $113,438 for people who own homes. Based on that number, a person should spend a maximum of $2,647 on expenses related to housing. Renters have a slightly different median income, which is $52,279. Based on this average, renters should spend no more than $1,220 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 considering the overall cost of living expenses in Gleneagle, CO, it's important to take into account the sales tax for Colorado, as well as the rate for income tax in Colorado. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Colorado is 10%, and the sales tax in the state of Colorado is 2.9%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Colorado starts from 4.63% and goes up to 4.63%.

Goods & Services

ItemGleneagleNational 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

ItemGleneagleNational 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

ItemGleneagleNational 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

ItemGleneagleNational avg.Difference
Home Price $311,100.00$175,700.0077.1%
Avg. Mortgage Payment $1,042.00$1,133.238.1%
Apartment Rent $1,138.00$920.0023.7%

Transportation

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

Utilities

ItemGleneagleNational 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.
Larkspur, CO20487-13%
Cimarron Hills, CO16,69893-7%
Green Mountain Falls, CO68797-3%
Colorado Springs, CO433,54799-1%
Palmer Lake, CO2,5071033%
Gleneagle, CO6,87011313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Etowah, NC6,8621000%
Nitro, WV6,86085-15%
Greenville, IL6,86087-13%
Nyack, NY6,85714242%
Lampasas, TX6,88582-18%
Gleneagle, CO6,87011313%
Source: The Gleneagle, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.