Steamboat Springs 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.
IndexSteamboat SpringsColoradoNational
Cost of living index142107100
IndexSteamboat SpringsColoradoNational
Goods & Services index114101100
Groceries index10198100
Health care index113104100
Housing index217127100
Transportation index13399100
Utilities index8288100
A general overview of the cost of living index for Steamboat Springs, CO is displayed above. In Steamboat Springs, CO, the overall cost of living index is 142, which is 33% higher than the Colorado average and 42% 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 Steamboat Springs, CO, the city's goods and services are 13% higher than the Colorado average and 14% higher than the U.S. average.

Did you know?

  • The cost of living in Steamboat Springs is 33% higher than the Colorado average.
  • The cost of living in Steamboat Springs is 42% higher than the national average.
  • The cost of housing in Steamboat Springs is 117% 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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Compare Steamboat Springs, CO Cost of living To Other Cities

Salary Calculator

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Goods & Services index
Groceries index
Health care index
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Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Steamboat Springs, 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 Steamboat Springs, CO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Steamboat Springs, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,449$5,621$1,574$2,024
Renters$39,636$3,303$925$1,189
One can approximate the cost of living and the housing affordability in Steamboat Springs, 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 Steamboat Springs, CO have a median income of $67,449. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,574 per month to avoid calamity and poverty. The renters in the city have an income of about $39,636, which would make their monthly maximum allowable rental costs $925.

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 you are determining the total cost of living in Steamboat Springs, CO you will want to make sure you consider both the Colorado sales tax and the Colorado income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Colorado is 2.9%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Colorado have a range from 4.63% to 4.63%.

Goods & Services

ItemSteamboat SpringsNational avg.Difference
Haircut $17.00$14.5916.5%
Beauty Salon $40.00$34.6815.3%
Toothpaste $3.34$2.4735.0%
Shampoo $1.04$1.021.8%
Movie $9.75$9.871.2%
Bowling $5.00$4.3913.9%

Groceries

ItemSteamboat SpringsNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $2.24$1.4653.0%
Milk $2.19$2.367.1%
Potatoes $2.49$3.0618.7%
Pizza $11.00$9.2419.0%
Beer $9.19$8.636.5%

Health Care

ItemSteamboat SpringsNational avg.Difference
Optometrist $159.00$99.7859.4%
Doctor $120.00$105.0314.2%
Dentist $102.50$88.7015.6%
Ibuprofen $8.67$9.417.9%
Lipitor $306.77$298.502.8%

Housing

ItemSteamboat SpringsNational avg.Difference
Home Price $450,400.00$175,700.00156.3%
Avg. Mortgage Payment $1,716.00$1,081.0358.7%
Apartment Rent $1,156.00$920.0025.7%

Transportation

ItemSteamboat SpringsNational avg.Difference
Gasoline $3.00$2.0943.4%
Tire Balancing $47.12$45.294.1%

Utilities

ItemSteamboat SpringsNational avg.Difference
All Electricity$152.36$170.8010.8%
Phone $19.99$28.2629.3%
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, StatePopulationCost of Living IndexNational Avg.
Oak Creek, CO8561088%
Steamboat Springs, CO12,04414242%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Patchogue, NY12,04513434%
Baraboo, WI12,04696-4%
Ferndale, WA12,04011212%
Neosho, MO12,03883-17%
Norton, OH12,05294-6%
Steamboat Springs, CO12,04414242%
Source: The Steamboat Springs, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.