Niwot 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.
IndexNiwotColoradoNational
Cost of living index152107100
IndexNiwotColoradoNational
Goods & Services index10299100
Groceries index106103100
Health care index107102100
Housing index269127100
Transportation index10495100
Utilities index9388100
A general overview of the cost of living index for Niwot, CO is displayed above. In Niwot, CO, the overall cost of living index is 152, which is 43% higher than the Colorado average and 52% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Niwot, CO, the city's goods and services are 3% higher than the Colorado average and 2% higher than the U.S. average.

Did you know?

  • The cost of living in Niwot is 43% higher than the Colorado average.
  • The cost of living in Niwot is 52% higher than the national average.
  • The cost of housing in Niwot is 169% 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.

Find Real Estate Listings In Niwot

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Niwot

Compare Niwot, CO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Niwot, 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 Niwot, CO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Niwot, 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$108,274$9,023$2,526$3,249
Renters$40,441$3,370$944$1,213
One can approximate the cost of living and the housing affordability in Niwot, 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 Niwot, CO have a median income of $108,274. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,526 per month to avoid calamity and poverty. The renters in the city have an income of about $40,441, which would make their monthly maximum allowable rental costs $944.

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 Niwot, 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

ItemNiwotNational 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

ItemNiwotNational 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

ItemNiwotNational 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

ItemNiwotNational avg.Difference
Home Price $604,300.00$175,700.00243.9%
Avg. Mortgage Payment $1,431.28$1,133.2326.3%
Apartment Rent $860.00$920.006.5%

Transportation

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

Utilities

ItemNiwotNational 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.
Glendale CDP, CO1111022%
Seven Hills, CO1291022%
Leyner, CO311022%
Dacono, CO4,355100-0%
Northglenn, CO37,0751033%
Niwot, CO4,73215252%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oak Grove CDP (Washington County), TN4,7321011%
Lafayette, TN4,73185-15%
Donora, PA4,73377-23%
Pittsfield, IL4,73081-19%
Jim Thorpe, PA4,73096-4%
Niwot, CO4,73215252%
Source: The Niwot, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.