| Index | Broomfield | Colorado | National |
| Cost of living | 140 | 115 | 100 |
| Groceries | 102 | 104 | 100 |
| Health care | 104 | 107 | 100 |
| Housing | 223 | 136 | 100 |
| Transportation | 103 | 106 | 100 |
| Utilities | 108 | 108 | 100 |
| Lifestyle & Entertainment | 111 | 107 | 100 |
| Household Items | 105 | 105 | 100 |
| Education & Childcare | 104 | 111 | 100 |
Understanding the cost of living in Broomfield can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Broomfield cost of living index is 140, which is 40% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
If you prioritize affordability when seeking a new place to live, Broomfield may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Broomfield falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs are a very significant part of the Broomfield cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 122.6% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 13 locals to understand their opinions on the cost of living in Broomfield. The results indicated that 38% found it reasonably priced with decreasing prices of goods and services, while 62% viewed it as quite expensive, with increasing prices.
Is Broomfield an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Broomfield is 141.9% higher than the national average, while the average monthly rent prices are 77.6% higher than average. The affordability of any location can also be influenced by median income levels. Broomfield has a median household income of $150,880, which is 85.5% higher than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Broomfield, the housing index is 122.6% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Broomfield, the utilities index stands at 7.9% higher than the national average.
The Broomfield cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $179,583 | $14,965 | $4,190 | $5,388 |
| Renters | $101,992 | $8,499 | $2,380 | $3,060 |
| State | General Sales Tax | With Max Surtax |
| Colorado | 2.9% | 10% |
| State | Income Tax (Low) | Income Tax (High) |
| Colorado | 4.4% | 4.4% |
| City | Population | Cost of Living Index | National Avg. |
| Eldorado Springs, CO | 332 | 109 | 8.9% |
| Leyner, CO | 0 | 109 | 8.9% |
| Lakeside, CO | 6 | 90 | 10.0% |
| Federal Heights, CO | 14,024 | 95 | 5.1% |
| North Washington, CO | 676 | 99 | 0.9% |
| Broomfield, CO | 71,202 | 140 | 40.0% |
| City | Population | Cost of Living Index | National Avg. |
| Davis, CA | 71,215 | 175 | 75.0% |
| Greenville, SC | 71,185 | 119 | 18.6% |
| Glen Burnie, MD | 71,246 | 119 | 19.4% |
| Lynwood, CA | 71,286 | 142 | 41.8% |
| North Port, FL | 71,341 | 110 | 10.2% |
| Broomfield, CO | 71,202 | 140 | 40.0% |
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