Cheyenne Wells, Colorado Cost Of Living

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Overall 17%

Goods & Services 2%

Housing 51%

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	Cheyenne Wells	Colorado	National
Cost of living	83	111	100
Goods & Services	98	105	100
Groceries	99	98	100
Health care	89	98	100
Housing	49	134	100
Transportation	98	105	100
Utilities	95	88	100

Key findings

The cost of living in Cheyenne Wells is 25% lower than the Colorado average
The cost of living in Cheyenne Wells is 17% lower than the national average
Cheyenne Wells housing is 51% lower than the national average
Colorado general sales tax is 43% lower than the national average
Colorado state income tax is 88% 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	$50,357	$4,196	$1,175	$1,511
Renters	$0	$0	$0	$0

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	4.63%	4.63%

Goods & Services

Item	Cheyenne Wells	National avg.	Difference
Haircut	$18.50	$20.27	8.7%
Beauty Salon	$35.83	$40.39	11.3%
Toothpaste	$2.86	$2.36	21.2%
Shampoo	$1.02	$1.08	4.9%
Movie	$11.33	$10.99	3.2%
Bowling	$13.39	$15.49	13.6%

Groceries

Item	Cheyenne Wells	National avg.	Difference
Ground Beef	$4.52	$4.30	5.1%
Fried Chicken	$1.24	$1.40	11.4%
Milk	$1.84	$2.20	16.5%
Potatoes	$2.54	$3.22	21.0%
Pizza	$12.32	$10.74	14.7%
Beer	$9.45	$9.60	1.6%

Health Care

Item	Cheyenne Wells	National avg.	Difference
Optometrist	$94.57	$109.73	13.8%
Doctor	$88.33	$118.34	25.4%
Dentist	$89.71	$100.94	11.1%
Ibuprofen	$9.33	$9.93	6.1%
Lipitor	$481.67	$469.53	2.6%

Housing

Item	Cheyenne Wells	National avg.	Difference
Home Price	$80,700.00	$184,700.00	56.3%
Avg. Mortgage Payment	$1,075.04	$1,229.62	12.6%
Apartment Rent	$578.00	$949.00	39.1%

Transportation

Item	Cheyenne Wells	National avg.	Difference
Gasoline	$2.93	$2.71	8.2%
Tire Balancing	$42.50	$51.86	18.0%

Utilities

Item	Cheyenne Wells	National avg.	Difference
All Electricity	$155.76	$170.84	8.8%
Phone	$187.49	$187.18	0.2%

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.
Cheyenne Wells, CO	894	83	17.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Piper City, IL	894	83	17.2%
Wisner, LA	894	75	24.6%
Cairo, NE	894	87	13.4%
Tesuque, NM	894	150	50.4%
Urbancrest, OH	894	79	20.7%
Cheyenne Wells, CO	894	83	17.2%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.