Cortez, CO Cost Of Living

Home

Livability

Livability score Score breakdown Commute times City comparison Best nearby cities Livability poll Reviews

Cost of living

Cost of living index Cost of living poll Did you know? City comparison Salary calculator State sales tax Cost of living breakdown Best nearby cities

Crime

Reported annual crime Crime poll Crime heat map Did you know? City comparison Daily crime Year over year crime Best nearby cities

Demographics

Demographics profile Did you know? City comparison Race breakdown Languages spoken Age breakdown Marital status

Employment

Employment information Employment poll Am I middle class? Did you know? City comparison Employment status Median earnings Best nearby cities

Real Estate

Homes for sale Market facts Home affordability Affordability calculator Mortgage calculator Demographics Best nearby cities

Rentals Schools Weather

Current weather Weather poll Average temperature Did you know? City comparison Air quality / pollution Heat index Montly precipitation Best nearby cities

Cortez 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.
Index	Cortez	Colorado	National
Cost of living index	93	110	100
Index	Cortez	Colorado	National
Goods & Services index	97	103	100
Groceries index	108	97	100
Health care index	106	104	100
Housing index	79	134	100
Transportation index	108	102	100
Utilities index	84	86	100

An overview of the general cost of living index for Cortez, CO is displayed above for your reference. Residents in Cortez, CO enjoy a cost of living index of 93. This index is 15% lower than the Colorado average, and 7% lower 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 Cortez, CO, the average cost of goods and services is 6% lower than it is in Colorado, and it is 3% lower than the national average.

For Sale

For Rent

Find real estate listings

Find rental listings

Did you know?

The cost of living in Cortez is 15% lower than the Colorado average.
The cost of living in Cortez is 7% lower than the national average.
The cost of housing in Cortez is 21% lower 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.

The best places in Colorado

Here are the best places to live in Colorado

These are the 10 most affordable cities in Colorado

See the best places to live in & around Cortez

10 best cities to buy a new house in Colorado

Compare Cortez, CO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

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

Use the salary calculator to compare your current income in Cortez, CO to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Cortez, CO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Cortez, CO salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$47,319	$3,943	$1,104	$1,420
Renters	$31,579	$2,632	$737	$947

One can approximate the cost of living and the housing affordability in Cortez, CO by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Cortez, CO have a median income of $47,319. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,104 per month to avoid calamity and poverty. The renters in the city have an income of about $31,579, which would make their monthly maximum allowable rental costs $737.

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%

When assessing the complete cost of living in Cortez, CO, the Colorado income tax and the Colorado sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Colorado maximum surtax is 10%, and the Colorado sales tax is 2.9%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4.63% to 4.63% in Colorado.

Goods & Services

Item	Cortez	National avg.	Difference
Haircut	$22.50	$17.49	28.6%
Beauty Salon	$35.00	$38.17	8.3%
Toothpaste	$1.96	$2.32	15.6%
Shampoo	$0.88	$1.01	13.0%
Movie	$12.15	$10.72	13.3%
Bowling	$13.75	$13.86	0.8%

Groceries

Item	Cortez	National avg.	Difference
Ground Beef	$3.29	$3.90	15.6%
Fried Chicken	$1.36	$1.40	2.6%
Milk	$2.18	$1.96	11.1%
Potatoes	$2.16	$3.18	32.1%
Pizza	$12.40	$10.39	19.3%
Beer	$9.32	$9.23	1.0%

Health Care

Item	Cortez	National avg.	Difference
Optometrist	$72.50	$106.34	31.8%
Doctor	$148.00	$115.25	28.4%
Dentist	$97.50	$98.38	0.9%
Ibuprofen	$9.98	$9.26	7.8%
Lipitor	$497.16	$466.47	6.6%

Housing

Item	Cortez	National avg.	Difference
Home Price	$149,600.00	$184,700.00	19.0%
Avg. Mortgage Payment	$1,407.25	$1,273.32	10.5%
Apartment Rent	$697.00	$949.00	26.6%

Transportation

Item	Cortez	National avg.	Difference
Gasoline	$2.69	$2.59	3.9%
Tire Balancing	$57.33	$48.90	17.3%

Utilities

Item	Cortez	National avg.	Difference
All Electricity	$117.83	$167.60	29.7%
Phone	$183.45	$163.42	12.3%

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, State	Population	Cost of Living Index	National Avg.
Towaoc, CO	969	89	-11%
Dolores, CO	1,074	96	-4%
Lewis, CO	139	97	-3%
Cortez, CO	8,683	93	-7%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Independent Hill, VA	8,684	151	51%
Little Falls, MN	8,682	95	-5%
South Kensington, MD	8,682	179	79%
Viera West, FL	8,680	109	9%
Scott, LA	8,687	92	-8%
Cortez, CO	8,683	93	-7%

Source: The Cortez, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Cortez, CO Cost of Living