D-
31%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
102%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Gypsum Colorado National
Cost of living131111100
Goods & Services99104100
Groceries104101100
Health care109100100
Housing202134100
Transportation109105100
Utilities9091100
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Cost Of Living Quick Facts

  • The cost of living in Gypsum is 18% higher than the Colorado average
  • The cost of living in Gypsum is 31% higher than the national average
  • Gypsum housing is 102% higher than the national average
  • Colorado general sales tax is 43% lower than the national average
  • Colorado state income tax is 95% higher than the national average

Most Affordable Places to Live in and Around Gypsum

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Compare Gypsum, CO Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,401$7,033$1,969$2,532
      Renters$57,091$4,758$1,332$1,713
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Gypsum, CO, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Gypsum, homeowners have a median income of $84,401. Using that number, a maximum of $1,969 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $57,091, which means there is a maximum of $1,332 to be spent on the costs of renting a home or apartment.

      Colorado Sales Tax

      State General Sales Tax With Max Surtax
      Colorado 2.9% 10%

      Colorado Income Tax

      State Income Tax (Low) Income Tax (High)
      Colorado 4.4% 4.4%

      Goods & Services

      Item Gypsum National avg. Difference
      Haircut $27.07$24.2611.6%
      Beauty Salon $38.50$45.5615.5%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.11$1.2813.1%
      Movie $10.84$12.1310.6%
      Bowling $13.55$18.0024.7%

      Groceries

      Item Gypsum National avg. Difference
      Ground Beef $5.27$5.849.7%
      Fried Chicken $1.39$1.5711.9%
      Milk $4.60$4.671.5%
      Potatoes $4.16$4.9315.8%
      Pizza $12.49$12.093.3%
      Beer $10.74$10.413.2%

      Health Care

      Item Gypsum National avg. Difference
      Optometrist $108.15$125.6813.9%
      Doctor $121.76$135.7810.3%
      Dentist $124.32$113.299.7%
      Ibuprofen $10.46$10.651.8%
      Lipitor $505.02$468.607.8%

      Housing

      Item Gypsum National avg. Difference
      Home Price $388,800.00$184,700.00110.5%
      Avg. Mortgage Payment $2,179.59$2,346.697.1%
      Apartment Rent $1,738.00$949.0083.1%

      Transportation

      Item Gypsum National avg. Difference
      Gasoline $3.55$3.462.6%
      Tire Balancing $56.90$59.925.0%

      Utilities

      Item Gypsum National avg. Difference
      All Electricity $173.81$193.9910.4%
      Phone $193.95$192.250.9%
      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 Population Cost of Living Index National Avg.
      Wolcott, CO01000.1%
      Cattle Creek, CO6531010.6%
      Dotsero, CO95011110.9%
      Eagle, CO6,89615151.1%
      Gypsum, CO7,04913131.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cumberland, Subd. B, NS7,048n/a 
      Fayetteville, TN7,046909.8%
      Milton-Freewater, OR7,044909.8%
      Enoch, UT7,0441066.0%
      Acton, CA7,05415858.3%
      Gypsum, CO7,04913131.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.