D+
29%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
98%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Frederick Colorado National
Cost of living129111100
Goods & Services104104100
Groceries96101100
Health care89100100
Housing198134100
Transportation109105100
Utilities8891100

An Overview of Cost of Living in Frederick, CO

Getting a feel for the cost of living in Frederick is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Frederick is 129, which is 29% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Frederick is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Frederick falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Frederick cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 97.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Frederick Affordable?

Is Frederick affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Frederick, the median home price is 110% higher than the national average and monthly rent prices are 69.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Frederick boasting a median household income of $107,443, 94.2% higher than the national average.

What Factors can Influence the Cost of Living in Frederick?

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Frederick, healthcare costs are 11.1% lower than the national average.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Frederick, the groceries index is 4.1% lower than the national average.

Where is the Data From?

The Frederick cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Frederick is 16% higher than the Colorado average
  • The cost of living in Frederick is 29% higher than the national average
  • Frederick housing is 98% 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

Most Affordable Places to Live in and Around Frederick

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Compare Frederick, 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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$111,000$9,250$2,590$3,330
      Renters$56,765$4,730$1,324$1,703
      The affordability of the housing market in Frederick, CO as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Frederick homeowners, the median income is $111,000. This indicates that a monthly maximum of $2,590 should be spent by homeowners on all housing related costs. Renters have a median income of $56,765. This indicates that renters would have a maximum of $1,324 for their rent related monthly costs.

      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 Frederick National avg. Difference
      Haircut $25.33$24.264.4%
      Beauty Salon $45.45$45.560.3%
      Toothpaste $4.12$3.7011.4%
      Shampoo $1.19$1.286.8%
      Movie $11.09$12.138.6%
      Bowling $22.22$18.0023.5%

      Groceries

      Item Frederick National avg. Difference
      Ground Beef $5.56$5.844.8%
      Fried Chicken $1.43$1.578.9%
      Milk $4.89$4.674.7%
      Potatoes $4.62$4.936.4%
      Pizza $11.06$12.098.5%
      Beer $11.34$10.418.9%

      Health Care

      Item Frederick National avg. Difference
      Optometrist $110.45$125.6812.1%
      Doctor $188.89$135.7839.1%
      Dentist $107.78$113.294.9%
      Ibuprofen $10.80$10.651.4%
      Lipitor $477.35$468.601.9%

      Housing

      Item Frederick National avg. Difference
      Home Price $387,800.00$184,700.00110.0%
      Avg. Mortgage Payment $2,542.08$2,346.698.3%
      Apartment Rent $1,612.00$949.0069.9%

      Transportation

      Item Frederick National avg. Difference
      Gasoline $3.58$3.463.4%
      Tire Balancing $73.58$59.9222.8%

      Utilities

      Item Frederick National avg. Difference
      All Electricity $161.00$193.9917.0%
      Phone $195.56$192.251.7%
      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.
      Leyner, CO01000.1%
      Eldorado Springs, CO3251000.1%
      Gilcrest, CO1,3811066.2%
      Platteville, CO3,01711111.0%
      Fort Lupton, CO8,60011111.3%
      Frederick, CO10,41412929.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mono, ON10,413n/a 
      Oak Hills, CA10,41513130.6%
      Portage, WI10,412981.9%
      Cape Canaveral, FL10,4111076.6%
      Monmouth, OR10,41111211.9%
      Frederick, CO10,41412929.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.