Ken Caryl 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.
IndexKen CarylColoradoNational
Cost of living index114107100
IndexKen CarylColoradoNational
Goods & Services index10299100
Groceries index106103100
Health care index107102100
Housing index142127100
Transportation index10495100
Utilities index9388100
Displayed above is a general overview of the Ken Caryl, CO cost of living index. The overall cost of living index in Ken Caryl, CO is 114, which is 7% higher than the Colorado average and 14% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Ken Caryl, CO are 3% higher than the Colorado average and 2% higher than the national average.

Did you know?

  • The cost of living in Ken Caryl is 7% higher than the Colorado average.
  • The cost of living in Ken Caryl is 14% higher than the national average.
  • The cost of housing in Ken Caryl is 42% 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 Ken Caryl, CO Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Ken Caryl, CO to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Ken Caryl, CO, you have to earn a higher income in order to still have the same standard of living. To operate the Ken Caryl, CO salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,842$7,654$2,143$2,756
Renters$51,444$4,287$1,200$1,543
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 Ken Caryl, 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. Ken Caryl, CO has a median income of about $91,842 for people who own homes. Based on that number, a person should spend a maximum of $2,143 on expenses related to housing. Renters have a slightly different median income, which is $51,444. Based on this average, renters should spend no more than $1,200 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 you are determining the total cost of living in Ken Caryl, CO you will want to make sure you consider both the Colorado sales tax and the Colorado income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Colorado is 2.9%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Colorado have a range from 4.63% to 4.63%.

Goods & Services

ItemKen CarylNational avg.Difference
Haircut $18.59$15.5619.4%
Beauty Salon $36.88$36.112.1%
Toothpaste $3.14$2.4726.9%
Shampoo $0.97$0.960.2%
Movie $11.18$10.1310.4%
Bowling $6.03$4.7427.3%

Groceries

ItemKen CarylNational avg.Difference
Ground Beef $4.77$3.9819.6%
Fried Chicken $1.40$1.410.5%
Milk $1.78$2.0613.7%
Potatoes $2.81$2.985.8%
Pizza $7.33$9.4722.7%
Beer $8.43$8.794.1%

Health Care

ItemKen CarylNational avg.Difference
Optometrist $102.80$101.041.7%
Doctor $134.18$107.4424.9%
Dentist $90.01$90.420.4%
Ibuprofen $9.40$9.281.3%
Lipitor $426.52$426.500.0%

Housing

ItemKen CarylNational avg.Difference
Home Price $259,300.00$175,700.0047.6%
Avg. Mortgage Payment $1,431.28$1,133.2326.3%
Apartment Rent $1,201.00$920.0030.5%

Transportation

ItemKen CarylNational avg.Difference
Gasoline $1.99$1.990.4%
Tire Balancing $52.50$45.7614.7%

Utilities

ItemKen CarylNational avg.Difference
All Electricity$135.90$163.8117.0%
Phone $30.43$28.397.2%
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.
Rock Creek Park, CO01022%
Lakeside, CO492-8%
Glendale, CO4,56496-4%
Sheridan, CO5,81998-2%
Sedalia, CO1011000%
Ken Caryl, CO32,94411414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Owings Mills, MD32,92711717%
Fair Lawn, NJ32,96213737%
Deer Park, TX32,96594-6%
Watertown Town, MA32,88015757%
Copperas Cove, TX33,02384-16%
Ken Caryl, CO32,94411414%
Source: The Ken Caryl, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.