Lochbuie 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.
IndexLochbuieColoradoNational
Cost of living index96107100
IndexLochbuieColoradoNational
Goods & Services index10299100
Groceries index106103100
Health care index107102100
Housing index82127100
Transportation index10495100
Utilities index9388100
Here we can see a simple outline of the cost of living in Lochbuie, CO. As you can see, with the average cost of living in Lochbuie, CO being 96, that puts it 10% lower than the average of Colorado and 4% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Lochbuie, CO, the price of goods and services are 3% higher than the average of Colorado as well as 2% higher than the nation's average.

Did you know?

  • The cost of living in Lochbuie is 10% lower than the Colorado average.
  • The cost of living in Lochbuie is 4% lower than the national average.
  • The cost of housing in Lochbuie is 18% 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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Compare Lochbuie, CO Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Lochbuie, 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 Lochbuie, CO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lochbuie, 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$51,875$4,323$1,210$1,556
Renters$32,347$2,696$755$971
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 Lochbuie, 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. Lochbuie, CO has a median income of about $51,875 for people who own homes. Based on that number, a person should spend a maximum of $1,210 on expenses related to housing. Renters have a slightly different median income, which is $32,347. Based on this average, renters should spend no more than $755 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%
The Colorado sales tax and Colorado income tax rates should definitely be considered when determining the overall cost of living in Lochbuie, CO. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Colorado sales tax is 2.9% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Colorado income tax rates range from 4.63% to 4.63%.

Goods & Services

ItemLochbuieNational 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

ItemLochbuieNational 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

ItemLochbuieNational 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

ItemLochbuieNational avg.Difference
Home Price $112,700.00$175,700.0035.9%
Avg. Mortgage Payment $1,431.28$1,133.2326.3%
Apartment Rent $1,140.00$920.0023.9%

Transportation

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

Utilities

ItemLochbuieNational 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.
Blue Sky, CO01022%
Derby, CO8,63895-5%
North Washington, CO30396-4%
Fort Lupton, CO7,59598-2%
Welby, CO16,27398-2%
Lochbuie, CO5,12796-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Willow Oak, FL5,12790-10%
Manchester, IA5,12688-12%
Richland Center, WI5,12890-10%
Niskayuna, NY5,12911212%
Hockinson, WA5,12912727%
Lochbuie, CO5,12796-4%
Source: The Lochbuie, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.