Todd Creek 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.
IndexTodd CreekColoradoNational
Cost of living index146107100
IndexTodd CreekColoradoNational
Goods & Services index103101100
Groceries index10098100
Health care index106104100
Housing index252127100
Transportation index9899100
Utilities index9388100
An overview of the general cost of living index for Todd Creek, CO is displayed above for your reference. Residents in Todd Creek, CO enjoy a cost of living index of 146. This index is 36% higher than the Colorado average, and 46% 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 Todd Creek, CO, the average cost of goods and services is 2% higher than it is in Colorado, and it is 3% higher than the national average.

Did you know?

  • The cost of living in Todd Creek is 36% higher than the Colorado average.
  • The cost of living in Todd Creek is 46% higher than the national average.
  • The cost of housing in Todd Creek is 152% 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 Todd Creek, CO Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Todd Creek, 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 Todd Creek, CO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Todd Creek, 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$107,589$8,966$2,510$3,228
Renters$0$0$0$0
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Todd Creek, CO as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Todd Creek, CO homeowners, is $107,589. This would allow for a maximum of $2,510 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 to be spent on rental 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%
For those who live in Todd Creek, 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

ItemTodd CreekNational 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

ItemTodd CreekNational 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

ItemTodd CreekNational 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

ItemTodd CreekNational avg.Difference
Home Price $443,500.00$175,700.00152.4%
Avg. Mortgage Payment $1,348.76$1,081.0324.8%
Apartment Rent $0.00$920.00100.0%

Transportation

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

Utilities

ItemTodd CreekNational 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%
Blue Sky, CO01000%
Federal Heights, CO11,83583-17%
Lakeside, CO490-10%
Derby, CO8,63893-7%
Todd Creek, CO3,67314646%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spring House, PA3,67315757%
Two Harbors, MN3,67296-4%
Lake Land'Or, VA3,6761055%
Reliez Valley, CA3,677200100%
Port Aransas, TX3,67711111%
Todd Creek, CO3,67314646%
Source: The Todd Creek, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.