Redlands 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.
IndexRedlandsColoradoNational
Cost of living index113107100
IndexRedlandsColoradoNational
Goods & Services index101101100
Groceries index9698100
Health care index106104100
Housing index153127100
Transportation index9199100
Utilities index8588100
Displayed above is a general overview of the Redlands, CO cost of living index. The overall cost of living index in Redlands, CO is 113, which is 6% higher than the Colorado average and 13% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Redlands, CO are equal to the Colorado average and 1% higher than the national average.

Did you know?

  • The cost of living in Redlands is 6% higher than the Colorado average.
  • The cost of living in Redlands is 13% higher than the national average.
  • The cost of housing in Redlands is 53% 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 Redlands

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Redlands

Compare Redlands, 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 salary in Redlands, CO to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Redlands, CO, then you would need to earn more income in order to maintain the same standard of living. To use the Redlands, CO salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$68,750$5,729$1,604$2,063
Renters$52,604$4,384$1,227$1,578
If you want to find a good determining factor for the cost of living and the general affordability of housing in Redlands, 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 Redlands, CO, the median monthly income is $68,750 for those who own their own homes. Under the standard rule, that income level would allow for $1,604 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $52,604, per the median income in the area. That would allow for renters to spend up to $1,227 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 Redlands, 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

ItemRedlandsNational avg.Difference
Haircut $15.60$14.596.9%
Beauty Salon $25.00$34.6827.9%
Toothpaste $2.61$2.475.5%
Shampoo $1.03$1.020.8%
Movie $11.00$9.8711.5%
Bowling $4.67$4.396.3%

Groceries

ItemRedlandsNational avg.Difference
Ground Beef $4.79$4.487.0%
Fried Chicken $1.06$1.4627.6%
Milk $2.05$2.3613.0%
Potatoes $2.29$3.0625.2%
Pizza $9.00$9.242.6%
Beer $8.03$8.637.0%

Health Care

ItemRedlandsNational avg.Difference
Optometrist $105.40$99.785.6%
Doctor $135.00$105.0328.5%
Dentist $83.60$88.705.8%
Ibuprofen $10.99$9.4116.8%
Lipitor $283.86$298.504.9%

Housing

ItemRedlandsNational avg.Difference
Home Price $281,400.00$175,700.0060.2%
Avg. Mortgage Payment $1,080.50$1,081.030.0%
Apartment Rent $1,243.00$920.0035.1%

Transportation

ItemRedlandsNational avg.Difference
Gasoline $1.87$2.0910.4%
Tire Balancing $43.30$45.294.4%

Utilities

ItemRedlandsNational avg.Difference
All Electricity$136.47$170.8020.1%
Phone $25.95$28.268.2%
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.
Clifton, CO20,26291-9%
Orchard Mesa, CO6,27299-1%
Fruitvale, CO8,4221011%
Grand Junction, CO59,7311011%
Fruita, CO12,7021022%
Redlands, CO9,54611313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake Monticello, VA9,54711111%
Sumner, WA9,54811212%
Howell, MI9,54389-11%
Warren, PA9,54380-20%
Amityville, NY9,55114343%
Redlands, CO9,54611313%
Source: The Redlands, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.