D
Overall 7%
Goods & Services 9%
Housing 21%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexCentral West DenverDenverColorado
Cost of living107114110
Goods & Services109109103
Groceries989897
Health care104104104
Housing121144134
Transportation104104102
Utilities818186

Key findings

  • The cost of living in Central West Denver is 2% lower than the Denver average
  • The cost of living in Central West Denver is 7% higher than the national average
  • Central West Denver housing is 21% higher 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

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Compare Denver, CO Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Household$49,508$4,126$1,155$1,485

      Colorado Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Colorado2.9%10%

      Colorado Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Colorado4.63%4.63%

      Goods & Services

      ItemDenverNational avg.Difference
      Haircut $20.46$17.4917.0%
      Beauty Salon $42.88$38.1712.3%
      Toothpaste $2.09$2.329.9%
      Shampoo $1.04$1.012.8%
      Movie $12.95$10.7220.8%
      Bowling $20.00$13.8644.3%

      Groceries

      ItemDenverNational avg.Difference
      Ground Beef $4.28$3.909.7%
      Fried Chicken $1.44$1.403.2%
      Milk $1.83$1.966.7%
      Potatoes $2.77$3.1813.0%
      Pizza $10.99$10.395.7%
      Beer $9.11$9.231.3%

      Health Care

      ItemDenverNational avg.Difference
      Optometrist $102.57$106.343.5%
      Doctor $125.43$115.258.8%
      Dentist $105.11$98.386.8%
      Ibuprofen $8.56$9.267.6%
      Lipitor $485.44$466.474.1%

      Housing

      ItemDenverNational avg.Difference
      Home Price $292,700.00$184,700.0058.5%
      Avg. Mortgage Payment $1,840.89$1,273.3244.6%
      Apartment Rent $1,035.00$949.009.1%

      Transportation

      ItemDenverNational avg.Difference
      Gasoline $2.63$2.591.3%
      Tire Balancing $54.74$48.9012.0%

      Utilities

      ItemDenverNational avg.Difference
      All Electricity$108.33$167.6035.4%
      Phone $183.58$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.
      Glendale CDP, CO781022%
      Lakeside, CO1080-20%
      Federal Heights, CO12,17380-20%
      Derby, CO8,93090-10%
      Glendale, CO4,90596-4%
      Denver, CO663,30311414%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Washington, DC659,00915252%
      Boston, MA658,27914545%
      Seattle, WA668,84915858%
      Memphis, TN655,85779-21%
      El Paso, TX678,05886-14%
      Denver, CO663,30311414%
      Source: The Central West Denver, Denver, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.