Glenwood Springs 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.
IndexGlenwood SpringsColoradoNational
Cost of living index127107100
IndexGlenwood SpringsColoradoNational
Goods & Services index11299100
Groceries index103103100
Health care index115102100
Housing index179127100
Transportation index9895100
Utilities index8888100
A general summary of the cost of living index in Glenwood Springs, CO is shown above. Compared to the state average of Colorado the cost of living index in Glenwood Springs, CO is 127, which is 20% higher than the average in Colorado and compared to the national average it is 27% 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 Glenwood Springs, CO goods and services come in at 13% higher than the average in Colorado and are 12% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Glenwood Springs is 20% higher than the Colorado average.
  • The cost of living in Glenwood Springs is 27% higher than the national average.
  • The cost of housing in Glenwood Springs is 79% 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 Glenwood Springs, CO Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Glenwood Springs, CO to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Glenwood Springs, CO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Glenwood Springs, CO salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,344$6,445$1,805$2,321
Renters$36,449$3,037$850$1,094
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Glenwood Springs, 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 Glenwood Springs, CO homeowners, is $77,344. This would allow for a maximum of $1,805 per month to be spent on housing costs. For renters, the median monthly income is $36,449 which would result in a maximum of $850 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%
One thing to keep in mind when considering the cost of living in Glenwood Springs, CO is the Colorado sales tax and Colorado income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Colorado sales tax rate is 2.9% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Colorado income tax rates range from 4.63% to 4.63%.

Goods & Services

ItemGlenwood SpringsNational avg.Difference
Haircut $18.75$15.5620.5%
Beauty Salon $46.67$36.1129.2%
Toothpaste $3.28$2.4732.5%
Shampoo $0.97$0.960.9%
Movie $10.50$10.133.7%
Bowling $4.50$4.745.0%

Groceries

ItemGlenwood SpringsNational avg.Difference
Ground Beef $3.94$3.981.1%
Fried Chicken $1.39$1.411.2%
Milk $1.79$2.0613.3%
Potatoes $2.42$2.9818.7%
Pizza $9.50$9.470.2%
Beer $8.16$8.797.2%

Health Care

ItemGlenwood SpringsNational avg.Difference
Optometrist $157.83$101.0456.2%
Doctor $120.00$107.4411.7%
Dentist $105.83$90.4217.1%
Ibuprofen $9.45$9.281.9%
Lipitor $455.99$426.506.9%

Housing

ItemGlenwood SpringsNational avg.Difference
Home Price $357,100.00$175,700.00103.2%
Avg. Mortgage Payment $1,765.71$1,133.2355.8%
Apartment Rent $1,135.00$920.0023.4%

Transportation

ItemGlenwood SpringsNational avg.Difference
Gasoline $2.18$1.999.4%
Tire Balancing $33.46$45.7626.9%

Utilities

ItemGlenwood SpringsNational avg.Difference
All Electricity$137.21$163.8116.2%
Phone $27.00$28.394.9%
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.
Cattle Creek, CO85386-14%
Dotsero, CO9671022%
New Castle, CO4,53812121%
El Jebel, CO3,45013131%
No Name, CO19213232%
Glenwood Springs, CO9,66812727%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Havre, MT9,66890-10%
White Marsh, MD9,67111818%
Waihee-Waiehu, HI9,66316363%
Holly Springs, GA9,6781033%
Brownfield, TX9,67879-21%
Glenwood Springs, CO9,66812727%
Source: The Glenwood Springs, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.