Cost Of Living In Milliken, CO

Milliken 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.
Index	Milliken	Colorado	National
Cost of living index	103	107	100
Index	Milliken	Colorado	National
Goods & Services index	102	99	100
Groceries index	106	103	100
Health care index	107	102	100
Housing index	103	127	100
Transportation index	104	95	100
Utilities index	93	88	100

An overview of the general cost of living index for Milliken, CO is displayed above for your reference. Residents in Milliken, CO enjoy a cost of living index of 103. This index is 4% lower than the Colorado average, and 3% 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 Milliken, CO, the average cost of goods and services is 3% higher than it is in Colorado, and it is 2% higher than the national average.

Did you know?

The cost of living in Milliken is 4% lower than the Colorado average.
The cost of living in Milliken is 3% higher than the national average.
The cost of housing in Milliken is 3% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in Milliken, CO to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Milliken, CO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Milliken, CO salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$68,482	$5,707	$1,598	$2,055
Renters	$60,350	$5,029	$1,408	$1,811

One can approximate the cost of living and the housing affordability in Milliken, CO by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Milliken, CO have a median income of $68,482. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,598 per month to avoid calamity and poverty. The renters in the city have an income of about $60,350, which would make their monthly maximum allowable rental costs $1,408.

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	4.63%	4.63%

The Colorado sales tax and Colorado income tax rates should definitely be considered when determining the overall cost of living in Milliken, 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

Item	Milliken	National avg.	Difference
Haircut	$18.59	$15.56	19.4%
Beauty Salon	$36.88	$36.11	2.1%
Toothpaste	$3.14	$2.47	26.9%
Shampoo	$0.97	$0.96	0.2%
Movie	$11.18	$10.13	10.4%
Bowling	$6.03	$4.74	27.3%

Groceries

Item	Milliken	National avg.	Difference
Ground Beef	$4.77	$3.98	19.6%
Fried Chicken	$1.40	$1.41	0.5%
Milk	$1.78	$2.06	13.7%
Potatoes	$2.81	$2.98	5.8%
Pizza	$7.33	$9.47	22.7%
Beer	$8.43	$8.79	4.1%

Health Care

Item	Milliken	National avg.	Difference
Optometrist	$102.80	$101.04	1.7%
Doctor	$134.18	$107.44	24.9%
Dentist	$90.01	$90.42	0.4%
Ibuprofen	$9.40	$9.28	1.3%
Lipitor	$426.52	$426.50	0.0%

Housing

Item	Milliken	National avg.	Difference
Home Price	$176,000.00	$175,700.00	0.2%
Avg. Mortgage Payment	$1,431.28	$1,133.23	26.3%
Apartment Rent	$1,019.00	$920.00	10.8%

Transportation

Item	Milliken	National avg.	Difference
Gasoline	$1.99	$1.99	0.4%
Tire Balancing	$52.50	$45.76	14.7%

Utilities

Item	Milliken	National avg.	Difference
All Electricity	$135.90	$163.81	17.0%
Phone	$30.43	$28.39	7.2%

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, State	Population	Cost of Living Index	National Avg.
Blue Sky, CO	0	102	2%
Garden City, CO	223	87	-13%
Gilcrest, CO	982	95	-5%
La Salle, CO	2,559	97	-3%
Evans, CO	19,535	98	-2%
Milliken, CO	5,837	103	3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Washingtonville, NY	5,837	117	17%
Roseland, NJ	5,835	157	57%
Sandersville, GA	5,839	85	-15%
Old Tappan, NJ	5,835	178	78%
Oceanport, NJ	5,834	156	56%
Milliken, CO	5,837	103	3%

Source: The Milliken, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Milliken, CO Cost of Living