Woodland Park 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.
IndexWoodland ParkColoradoNational
Cost of living index105107100
IndexWoodland ParkColoradoNational
Goods & Services index9599100
Groceries index97103100
Health care index103102100
Housing index132127100
Transportation index9895100
Utilities index7388100
The above illustration supplies generalized information for the Woodland Park, CO cost of living index. Compared to other cities in Colorado and cities across the country, the cost of living index in Woodland Park, CO is 105, which is 2% lower than the Colorado average and 5% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Woodland Park, CO are 5% lower than the average for Colorado and 6% lower than the rest of the country.

Did you know?

  • The cost of living in Woodland Park is 2% lower than the Colorado average.
  • The cost of living in Woodland Park is 5% higher than the national average.
  • The cost of housing in Woodland Park is 32% 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 Woodland Park, CO Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Woodland Park, CO would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Woodland Park, CO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Woodland Park, CO salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$74,975$6,248$1,749$2,249
Renters$34,830$2,903$813$1,045
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Woodland Park, CO, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Woodland Park, CO has a median income of about $74,975 for people who own homes. Based on that number, a person should spend a maximum of $1,749 on expenses related to housing. Renters have a slightly different median income, which is $34,830. Based on this average, renters should spend no more than $813 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Woodland Park, 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

ItemWoodland ParkNational avg.Difference
Haircut $13.20$15.5615.2%
Beauty Salon $39.83$36.1110.3%
Toothpaste $2.78$2.4712.6%
Shampoo $0.94$0.962.2%
Movie $10.21$10.130.8%
Bowling $3.26$4.7431.2%

Groceries

ItemWoodland ParkNational avg.Difference
Ground Beef $4.12$3.983.5%
Fried Chicken $1.32$1.416.2%
Milk $1.76$2.0614.7%
Potatoes $2.56$2.9814.0%
Pizza $8.32$9.4712.1%
Beer $8.45$8.793.9%

Health Care

ItemWoodland ParkNational avg.Difference
Optometrist $104.72$101.043.6%
Doctor $117.27$107.449.1%
Dentist $91.10$90.420.8%
Ibuprofen $8.91$9.284.0%
Lipitor $426.59$426.500.0%

Housing

ItemWoodland ParkNational avg.Difference
Home Price $249,900.00$175,700.0042.2%
Avg. Mortgage Payment $1,042.00$1,133.238.1%
Apartment Rent $997.00$920.008.4%

Transportation

ItemWoodland ParkNational avg.Difference
Gasoline $1.86$1.996.7%
Tire Balancing $50.12$45.769.5%

Utilities

ItemWoodland ParkNational avg.Difference
All Electricity$120.34$163.8126.5%
Phone $20.54$28.3927.7%
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.
Florissant, CO5393-7%
Divide, CO9893-7%
Green Mountain Falls, CO68797-3%
Colorado Springs, CO433,54799-1%
Palmer Lake, CO2,5071033%
Woodland Park, CO7,1871055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Duvall, WA7,18513333%
Benton, IL7,18579-21%
Clewiston, FL7,18494-6%
Ivins, UT7,1841044%
Village St. George, LA7,19098-2%
Woodland Park, CO7,1871055%
Source: The Woodland Park, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.