Rocky Ford 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.
IndexRocky FordColoradoNational
Cost of living index75107100
IndexRocky FordColoradoNational
Goods & Services index84101100
Groceries index9798100
Health care index92104100
Housing index47127100
Transportation index8899100
Utilities index8388100
A general summary of the cost of living index in Rocky Ford, CO is shown above. Compared to the state average of Colorado the cost of living index in Rocky Ford, CO is 75, which is 30% lower than the average in Colorado and compared to the national average it is 25% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Rocky Ford, CO goods and services come in at 17% lower than the average in Colorado and are 16% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Rocky Ford is 30% lower than the Colorado average.
  • The cost of living in Rocky Ford is 25% lower than the national average.
  • The cost of housing in Rocky Ford is 53% 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Rocky Ford, 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 Rocky Ford, CO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Rocky Ford, 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$34,474$2,873$804$1,034
Renters$17,300$1,442$404$519
The affordability of the housing market in Rocky Ford, CO as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Rocky Ford, CO homeowners, the median income is $34,474. This indicates that a monthly maximum of $804 should be spent by homeowners on all housing related costs. Renters have a median income of $17,300. This indicates that renters should have a maximum of $404 used for their rent related monthly costs.

Colorado Sales Tax

StateGeneral Sales TaxWith Max Surtax
Colorado2.9%10%

Colorado Income Tax

StateIncome Tax (Low)Income Tax (High)
Colorado4.63%4.63%
The Colorado sales tax and Colorado income tax rates should definitely be considered when determining the overall cost of living in Rocky Ford, 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

ItemRocky FordNational avg.Difference
Haircut $11.33$14.5922.4%
Beauty Salon $21.67$34.6837.5%
Toothpaste $2.28$2.477.8%
Shampoo $0.87$1.0214.9%
Movie $9.50$9.873.7%
Bowling $3.00$4.3931.7%

Groceries

ItemRocky FordNational avg.Difference
Ground Beef $4.99$4.4811.5%
Fried Chicken $0.98$1.4633.1%
Milk $2.09$2.3611.3%
Potatoes $2.18$3.0628.8%
Pizza $7.99$9.2413.6%
Beer $8.39$8.632.8%

Health Care

ItemRocky FordNational avg.Difference
Optometrist $84.75$99.7815.1%
Doctor $104.00$105.031.0%
Dentist $81.33$88.708.3%
Ibuprofen $8.32$9.4111.6%
Lipitor $263.12$298.5011.9%

Housing

ItemRocky FordNational avg.Difference
Home Price $71,900.00$175,700.0059.1%
Avg. Mortgage Payment $682.33$1,081.0336.9%
Apartment Rent $552.00$920.0040.0%

Transportation

ItemRocky FordNational avg.Difference
Gasoline $1.84$2.0912.0%
Tire Balancing $40.00$45.2911.7%

Utilities

ItemRocky FordNational avg.Difference
All Electricity$136.03$170.8020.4%
Phone $24.99$28.2611.6%
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.
La Junta Gardens, CO2287-13%
Manzanola, CO38572-28%
Sugar City, CO48573-27%
Ordway, CO1,15974-26%
Crowley, CO40575-25%
Rocky Ford, CO3,92575-25%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mogadore, OH3,92591-9%
Bloomfield Hills, MI3,92517070%
North Richmond, CA3,92612121%
North El Monte, CA3,92414646%
Irwin, PA3,92497-3%
Rocky Ford, CO3,92575-25%
Source: The Rocky Ford, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.