Thornton 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.
IndexThorntonColoradoNational
Cost of living index106107100
IndexThorntonColoradoNational
Goods & Services index103101100
Groceries index10098100
Health care index106104100
Housing index120127100
Transportation index9899100
Utilities index9388100
Here we can see a simple outline of the cost of living in Thornton, CO. As you can see, with the average cost of living in Thornton, CO being 106, that puts it 1% lower than the average of Colorado and 6% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Thornton, CO, the price of goods and services are 2% higher than the average of Colorado as well as 3% higher than the nation's average.

Did you know?

  • The cost of living in Thornton is 1% lower than the Colorado average.
  • The cost of living in Thornton is 6% higher than the national average.
  • The cost of housing in Thornton 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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Salary Calculator

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Groceries index
Health care index
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Use the salary calculator to compare your current salary in Thornton, 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 Thornton, CO, then you would need to earn more income in order to maintain the same standard of living. To use the Thornton, 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$80,584$6,715$1,880$2,418
Renters$43,344$3,612$1,011$1,300
If you want to find a good determining factor for the cost of living and the general affordability of housing in Thornton, 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 Thornton, CO, the median monthly income is $80,584 for those who own their own homes. Under the standard rule, that income level would allow for $1,880 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $43,344, per the median income in the area. That would allow for renters to spend up to $1,011 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 Thornton, 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

ItemThorntonNational avg.Difference
Haircut $17.25$14.5918.2%
Beauty Salon $35.00$34.680.9%
Toothpaste $3.00$2.4721.3%
Shampoo $1.10$1.027.6%
Movie $11.22$9.8713.7%
Bowling $6.75$4.3953.7%

Groceries

ItemThorntonNational avg.Difference
Ground Beef $5.01$4.4811.9%
Fried Chicken $1.71$1.4616.8%
Milk $2.43$2.363.1%
Potatoes $2.55$3.0616.7%
Pizza $7.99$9.2413.6%
Beer $8.55$8.631.0%

Health Care

ItemThorntonNational avg.Difference
Optometrist $101.85$99.782.1%
Doctor $124.80$105.0318.8%
Dentist $95.00$88.707.1%
Ibuprofen $9.24$9.411.8%
Lipitor $278.85$298.506.6%

Housing

ItemThorntonNational avg.Difference
Home Price $210,600.00$175,700.0019.9%
Avg. Mortgage Payment $1,348.76$1,081.0324.8%
Apartment Rent $1,106.00$920.0020.2%

Transportation

ItemThorntonNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $47.12$45.294.1%

Utilities

ItemThorntonNational avg.Difference
All Electricity$153.48$170.8010.1%
Phone $27.57$28.262.4%
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.
Leyner, CO311000%
Federal Heights, CO11,83583-17%
Lakeside, CO490-10%
Derby, CO8,63893-7%
Glendale, CO4,56494-6%
Thornton, CO124,7071066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Enterprise, NV124,56411313%
Carrollton, TX124,5011066%
Concord, CA125,01714040%
Coral Springs, FL125,15011616%
Roseville, CA124,25012929%
Thornton, CO124,7071066%
Source: The Thornton, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.