Fort Carson, Colorado Cost Of Living

F

18%

Overall NAT. AVG.

10%

Goods & Services NAT. AVG.

49%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Fort Carson	Colorado	National
Cost of living	118	111	100
Goods & Services	110	105	100
Groceries	101	98	100
Health care	100	98	100
Housing	149	134	100
Transportation	103	105	100
Utilities	99	88	100

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Cost Of Living Quick Facts

The cost of living in Fort Carson is 7% higher than the Colorado average
The cost of living in Fort Carson is 18% higher than the national average
Fort Carson housing is 49% higher than the national average
Colorado general sales tax is 43% lower than the national average
Colorado state income tax is 95% 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	$0	$0	$0	$0
Renters	$41,667	$3,472	$972	$1,250

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Fort Carson, CO, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Fort Carson, homeowners have a median income of $0. Using that number, a maximum of $0 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $41,667, which means there is a maximum of $972 to be spent on the costs of renting a home or apartment.

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	Fort Carson	National avg.	Difference
Haircut	$25.24	$20.27	24.5%
Beauty Salon	$45.60	$40.39	12.9%
Toothpaste	$1.96	$2.36	16.8%
Shampoo	$1.02	$1.08	5.5%
Movie	$10.73	$10.99	2.3%
Bowling	$15.29	$15.49	1.3%

Groceries

Item	Fort Carson	National avg.	Difference
Ground Beef	$4.10	$4.30	4.6%
Fried Chicken	$1.19	$1.40	15.2%
Milk	$1.75	$2.20	20.4%
Potatoes	$2.58	$3.22	19.9%
Pizza	$11.21	$10.74	4.4%
Beer	$9.33	$9.60	2.8%

Health Care

Item	Fort Carson	National avg.	Difference
Optometrist	$112.79	$109.73	2.8%
Doctor	$119.60	$118.34	1.1%
Dentist	$100.70	$100.94	0.2%
Ibuprofen	$9.29	$9.93	6.5%
Lipitor	$475.12	$469.53	1.2%

Housing

Item	Fort Carson	National avg.	Difference
Home Price	$0.00	$184,700.00	100.0%
Avg. Mortgage Payment	$1,372.91	$1,229.62	11.7%
Apartment Rent	$1,413.00	$949.00	48.9%

Transportation

Item	Fort Carson	National avg.	Difference
Gasoline	$2.81	$2.71	3.8%
Tire Balancing	$52.65	$51.86	1.5%

Utilities

Item	Fort Carson	National avg.	Difference
All Electricity	$169.45	$170.84	0.8%
Phone	$185.54	$187.18	0.9%

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.
Stratmoor, CO	5,821	99	1.0%
Cimarron Hills, CO	17,240	101	1.5%
Security-Widefield, CO	34,956	105	4.7%
Green Mountain Falls, CO	644	106	6.0%
Fountain, CO	27,817	108	7.7%
Fort Carson, CO	14,873	118	18.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Forrest City, AR	14,871	75	24.6%
Mastic Beach, NY	14,867	119	19.1%
Aldine, TX	14,867	87	13.0%
Somerton, AZ	14,866	92	8.2%
Mount Vernon, IL	14,880	78	21.7%
Fort Carson, CO	14,873	118	18.4%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.