Cost Of Living In Salida, CO

Salida 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	Salida	Colorado	National
Cost of living index	104	107	100
Index	Salida	Colorado	National
Goods & Services index	100	99	100
Groceries index	114	103	100
Health care index	92	102	100
Housing index	120	127	100
Transportation index	76	95	100
Utilities index	93	88	100

An overview of the general cost of living index for Salida, CO is displayed above for your reference. Residents in Salida, CO enjoy a cost of living index of 104. This index is 2% lower than the Colorado average, and 4% 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 Salida, CO, the average cost of goods and services is 1% higher than it is in Colorado, and it is equal to the national average.

Did you know?

The cost of living in Salida is 2% lower than the Colorado average.
The cost of living in Salida is 4% higher than the national average.
The cost of housing in Salida is 20% 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 Salida, 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 Salida, CO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Salida, 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	$46,554	$3,880	$1,086	$1,397
Renters	$30,133	$2,511	$703	$904

One can approximate the cost of living and the housing affordability in Salida, 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 Salida, CO have a median income of $46,554. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,086 per month to avoid calamity and poverty. The renters in the city have an income of about $30,133, which would make their monthly maximum allowable rental costs $703.

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%

When considering the overall cost of living expenses in Salida, 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

Item	Salida	National avg.	Difference
Haircut	$18.23	$15.56	17.1%
Beauty Salon	$25.27	$36.11	30.0%
Toothpaste	$3.13	$2.47	26.4%
Shampoo	$0.99	$0.96	2.6%
Movie	$9.53	$10.13	5.9%
Bowling	$3.79	$4.74	20.1%

Groceries

Item	Salida	National avg.	Difference
Ground Beef	$3.41	$3.98	14.5%
Fried Chicken	$1.86	$1.41	31.8%
Milk	$3.42	$2.06	65.6%
Potatoes	$3.58	$2.98	20.0%
Pizza	$10.14	$9.47	7.0%
Beer	$9.03	$8.79	2.7%

Health Care

Item	Salida	National avg.	Difference
Optometrist	$88.20	$101.04	12.7%
Doctor	$117.65	$107.44	9.5%
Dentist	$81.15	$90.42	10.2%
Ibuprofen	$8.98	$9.28	3.3%
Lipitor	$306.33	$426.50	28.2%

Housing

Item	Salida	National avg.	Difference
Home Price	$240,700.00	$175,700.00	37.0%
Avg. Mortgage Payment	$1,493.72	$1,133.23	31.8%
Apartment Rent	$730.00	$920.00	20.7%

Transportation

Item	Salida	National avg.	Difference
Gasoline	$1.40	$1.99	29.8%
Tire Balancing	$41.07	$45.76	10.2%

Utilities

Item	Salida	National avg.	Difference
All Electricity	$142.39	$163.81	13.1%
Phone	$29.05	$28.39	2.3%

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.
Maysville, CO	55	98	-2%
Smeltertown, CO	122	98	-2%
Poncha Springs, CO	1,190	101	1%
Howard, CO	1,057	102	2%
Coaldale, CO	296	104	4%
Salida, CO	5,329	104	4%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Berryville, AR	5,329	82	-18%
St. Paul Park, MN	5,327	99	-1%
Pecan Acres, TX	5,331	123	23%
Concordia, KS	5,327	78	-22%
Northfield, IL	5,332	170	70%
Salida, CO	5,329	104	4%

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

Salida, CO Cost of Living