Monte Vista 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.
IndexMonte VistaColoradoNational
Cost of living index90107100
IndexMonte VistaColoradoNational
Goods & Services index109101100
Groceries index10198100
Health care index101104100
Housing index57127100
Transportation index9899100
Utilities index9688100
An overview of the general cost of living index for Monte Vista, CO is displayed above for your reference. Residents in Monte Vista, CO enjoy a cost of living index of 90. This index is 16% lower than the Colorado average, and 10% lower 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 Monte Vista, CO, the average cost of goods and services is 8% higher than it is in Colorado, and it is 9% higher than the national average.

Did you know?

  • The cost of living in Monte Vista is 16% lower than the Colorado average.
  • The cost of living in Monte Vista is 10% lower than the national average.
  • The cost of housing in Monte Vista is 43% 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 Monte Vista, CO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
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The salary calculator is used in order to provide a comparison of your current salary in Monte Vista, CO to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Monte Vista, CO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Monte Vista, CO salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,952$3,746$1,049$1,349
Renters$26,958$2,247$629$809
If you want to find a good determining factor for the cost of living and the general affordability of housing in Monte Vista, CO, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Monte Vista, CO, the median monthly income is $44,952 for those who own their own homes. Under the standard rule, that income level would allow for $1,049 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,958, per the median income in the area. That would allow for renters to spend up to $629 on monthly rental expenses.

Colorado Sales Tax

StateGeneral Sales TaxWith Max Surtax
Colorado2.9%10%

Colorado Income Tax

StateIncome Tax (Low)Income Tax (High)
Colorado4.63%4.63%
For those who live in Monte Vista, CO and want to know what the true cost of living is, they ought to look at both the Colorado income tax rate and the Colorado sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Colorado, the sales tax is 2.9%, while the most you'll pay in surtax is 10%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Colorado, the income tax rate ranges between 4.63% to 4.63%.

Goods & Services

ItemMonte VistaNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $29.00$34.6816.4%
Toothpaste $2.28$2.477.8%
Shampoo $0.94$1.028.0%
Movie $9.50$9.873.7%
Bowling $3.65$4.3916.9%

Groceries

ItemMonte VistaNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.29$1.4611.9%
Milk $2.09$2.3611.3%
Potatoes $2.24$3.0626.8%
Pizza $10.79$9.2416.7%
Beer $9.39$8.638.8%

Health Care

ItemMonte VistaNational avg.Difference
Optometrist $85.00$99.7814.8%
Doctor $127.50$105.0321.4%
Dentist $80.50$88.709.2%
Ibuprofen $8.98$9.414.6%
Lipitor $294.93$298.501.2%

Housing

ItemMonte VistaNational avg.Difference
Home Price $100,300.00$175,700.0042.9%
Avg. Mortgage Payment $1,479.75$1,081.0336.9%
Apartment Rent $516.00$920.0043.9%

Transportation

ItemMonte VistaNational avg.Difference
Gasoline $2.10$2.090.4%
Tire Balancing $41.98$45.297.3%

Utilities

ItemMonte VistaNational avg.Difference
All Electricity$160.81$170.805.9%
Phone $27.99$28.260.9%
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.
Hooper, CO7968-32%
Center, CO2,07786-14%
Del Norte, CO1,98788-12%
Monte Vista, CO4,39490-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Southern Shops, SC4,39483-17%
Dimmitt, TX4,39479-21%
Rumford, ME4,39594-6%
Osage Beach, MO4,39599-1%
Lyons, GA4,39582-18%
Monte Vista, CO4,39490-10%
Source: The Monte Vista, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.