Lone Tree 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.
IndexLone TreeColoradoNational
Cost of living index139107100
IndexLone TreeColoradoNational
Goods & Services index103101100
Groceries index10098100
Health care index106104100
Housing index230127100
Transportation index9899100
Utilities index9388100
An overview of the general cost of living index for Lone Tree, CO is displayed above for your reference. Residents in Lone Tree, CO enjoy a cost of living index of 139. This index is 30% higher than the Colorado average, and 39% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Lone Tree, CO, the average cost of goods and services is 2% higher than it is in Colorado, and it is 3% higher than the national average.

Did you know?

  • The cost of living in Lone Tree is 30% higher than the Colorado average.
  • The cost of living in Lone Tree is 39% higher than the national average.
  • The cost of housing in Lone Tree is 130% 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 Lone Tree, CO Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Lone Tree, CO would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Lone Tree, CO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Lone Tree, CO salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$152,702$12,725$3,563$4,582
Renters$66,411$5,534$1,549$1,993
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Lone Tree, CO, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Lone Tree, CO homeowners have a median income of $152,702. Using that number, you will come up with a maximum of $3,563 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $66,411, which means there is a maximum of $1,549 to be spent on the costs of renting a home or apartment.

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 considering the overall cost of living expenses in Lone Tree, CO, it's important to take into account the sales tax for Colorado, as well as the rate for income tax in Colorado. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Colorado is 10%, and the sales tax in the state of Colorado is 2.9%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Colorado starts from 4.63% and goes up to 4.63%.

Goods & Services

ItemLone TreeNational 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

ItemLone TreeNational 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

ItemLone TreeNational 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

ItemLone TreeNational avg.Difference
Home Price $471,400.00$175,700.00168.3%
Avg. Mortgage Payment $1,348.76$1,081.0324.8%
Apartment Rent $1,302.00$920.0041.5%

Transportation

ItemLone TreeNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $47.12$45.294.1%

Utilities

ItemLone TreeNational 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.
Rock Creek Park, CO011010%
Glendale, CO4,56494-6%
Sheridan, CO5,81997-3%
Sedalia, CO10199-1%
Aurora, CO339,4801011%
Lone Tree, CO12,32813939%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Winfield, KS12,32484-16%
Eatontown, NJ12,32314646%
Ringwood, NJ12,32013939%
Mountain Home, AR12,33888-12%
Cleveland, MS12,31884-16%
Lone Tree, CO12,32813939%
Source: The Lone Tree, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.