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.
Cost of living index93110100
Goods & Services index97103100
Groceries index10897100
Health care index106104100
Housing index79134100
Transportation index108102100
Utilities index8486100
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.
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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.

Compare Cortez, CO Cost of living To Other Cities

Salary Calculator

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Health care index
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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
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

StateGeneral Sales TaxWith Max Surtax

Colorado Income Tax

StateIncome Tax (Low)Income Tax (High)
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

ItemCortezNational avg.Difference
Haircut $22.50$17.4928.6%
Beauty Salon $35.00$38.178.3%
Toothpaste $1.96$2.3215.6%
Shampoo $0.88$1.0113.0%
Movie $12.15$10.7213.3%
Bowling $13.75$13.860.8%


ItemCortezNational avg.Difference
Ground Beef $3.29$3.9015.6%
Fried Chicken $1.36$1.402.6%
Milk $2.18$1.9611.1%
Potatoes $2.16$3.1832.1%
Pizza $12.40$10.3919.3%
Beer $9.32$9.231.0%

Health Care

ItemCortezNational avg.Difference
Optometrist $72.50$106.3431.8%
Doctor $148.00$115.2528.4%
Dentist $97.50$98.380.9%
Ibuprofen $9.98$9.267.8%
Lipitor $497.16$466.476.6%


ItemCortezNational avg.Difference
Home Price $149,600.00$184,700.0019.0%
Avg. Mortgage Payment $1,407.25$1,273.3210.5%
Apartment Rent $697.00$949.0026.6%


ItemCortezNational avg.Difference
Gasoline $2.69$2.593.9%
Tire Balancing $57.33$48.9017.3%


ItemCortezNational avg.Difference
All Electricity$117.83$167.6029.7%
Phone $183.45$163.4212.3%
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, StatePopulationCost of Living IndexNational Avg.
Towaoc, CO96989-11%
Dolores, CO1,07496-4%
Lewis, CO13997-3%
Cortez, CO8,68393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Independent Hill, VA8,68415151%
Little Falls, MN8,68295-5%
South Kensington, MD8,68217979%
Viera West, FL8,6801099%
Scott, LA8,68792-8%
Cortez, CO8,68393-7%
Source: The Cortez, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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