Idaho 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.
IndexIdaho SpringsColoradoNational
Cost of living index97107100
IndexIdaho SpringsColoradoNational
Goods & Services index103101100
Groceries index10098100
Health care index106104100
Housing index91127100
Transportation index9899100
Utilities index9388100

Did you know?

  • The cost of living in Idaho Springs is 9% lower than the Colorado average.
  • The cost of living in Idaho Springs is 3% lower than the national average.
  • The cost of housing in Idaho Springs is 9% 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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Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,292$4,774$1,337$1,719
Renters$34,107$2,842$796$1,023

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

ItemIdaho SpringsNational 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

ItemIdaho SpringsNational 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

ItemIdaho SpringsNational 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

ItemIdaho SpringsNational avg.Difference
Home Price $161,800.00$175,700.007.9%
Avg. Mortgage Payment $1,348.76$1,081.0324.8%
Apartment Rent $803.00$920.0012.7%

Transportation

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

Utilities

ItemIdaho SpringsNational 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.
Eldora, CO1241000%
Aetna Estates, CO1,03181-19%
Central City, CO68199-1%
Silver Plume, CO23399-1%
Empire, CO30699-1%
Idaho Springs, CO1,97197-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pineville, KY1,97183-17%
Charlotte, TX1,97179-21%
Bayou Vista, TX1,9701033%
West Glendive, MT1,97296-4%
Ninety Six, SC1,97282-18%
Idaho Springs, CO1,97197-3%
Source: The Idaho Springs, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.