Cost Of Living in Central City, CO

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A

18%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

61%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Central City	Colorado	National
Cost of living	118	111	100
Goods & Services	104	104	100
Groceries	96	101	100
Health care	89	100	100
Housing	161	134	100
Transportation	109	105	100
Utilities	88	91	100

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Cost Of Living Quick Facts

The cost of living in Central City is 6% higher than the Colorado average
The cost of living in Central City is 18% higher than the national average
Central City housing is 61% higher than the national average
Colorado general sales tax is 43% lower than the national average
Colorado state income tax is 69% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$50,500	$4,208	$1,178	$1,515
Renters	$54,405	$4,534	$1,269	$1,632

Colorado Sales Tax

State	General Sales Tax	With Max Surtax
Colorado	2.9%	10%

Colorado Income Tax

State	Income Tax (Low)	Income Tax (High)
Colorado	4.4%	4.4%

Goods & Services

Item	Central City	National avg.	Difference
Haircut	$25.33	$24.26	4.4%
Beauty Salon	$45.45	$45.56	0.3%
Toothpaste	$4.12	$3.70	11.4%
Shampoo	$1.19	$1.28	6.8%
Movie	$11.09	$12.13	8.6%
Bowling	$22.22	$18.00	23.5%

Groceries

Item	Central City	National avg.	Difference
Ground Beef	$5.56	$5.84	4.8%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.89	$4.67	4.7%
Potatoes	$4.62	$4.93	6.4%
Pizza	$11.06	$12.09	8.5%
Beer	$11.34	$10.41	8.9%

Health Care

Item	Central City	National avg.	Difference
Optometrist	$110.45	$125.68	12.1%
Doctor	$188.89	$135.78	39.1%
Dentist	$107.78	$113.29	4.9%
Ibuprofen	$10.80	$10.65	1.4%
Lipitor	$477.35	$468.60	1.9%

Housing

Item	Central City	National avg.	Difference
Home Price	$314,700.00	$184,700.00	70.4%
Avg. Mortgage Payment	$2,542.08	$2,346.69	8.3%
Apartment Rent	$1,317.00	$949.00	38.8%

Transportation

Item	Central City	National avg.	Difference
Gasoline	$3.58	$3.46	3.4%
Tire Balancing	$73.58	$59.92	22.8%

Utilities

Item	Central City	National avg.	Difference
All Electricity	$161.00	$193.99	17.0%
Phone	$195.56	$192.25	1.7%

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	Population	Cost of Living Index	National Avg.
Eldora, CO	352	100	0.1%
Eldorado Springs, CO	325	100	0.1%
St. Mary's, CO	416	100	0.1%
Coal Creek town, CO	308	99	0.5%
Silver Plume, CO	175	107	6.8%
Central City, CO	531	118	18.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
University Park, IA	531	81	18.7%
Hillsdale, IL	531	83	17.3%
Pretty Prairie, KS	531	83	17.4%
Hartland, ME	531	91	8.8%
Ottertail, MN	531	104	3.8%
Central City, CO	531	118	18.2%