Grand Junction, Colorado Cost Of Living

Buy Rent

C-

Overall 2%

Goods & Services 0%

Housing 5%

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	Grand Junction	Colorado	National
Cost of living	102	111	100
Goods & Services	100	105	100
Groceries	107	98	100
Health care	103	98	100
Housing	105	134	100
Transportation	107	105	100
Utilities	88	88	100

Key findings

The cost of living in Grand Junction is 8% lower than the Colorado average
The cost of living in Grand Junction is 2% higher than the national average
Grand Junction housing is 5% higher than the national average
Colorado general sales tax is 43% lower than the national average
Colorado state income tax is 88% higher than the national average

Most Affordable Places to Live in and Around Grand Junction

See all the best places to live around Grand Junction

Compare Grand Junction, CO Cost of Living

See all Grand Junction poll results

The best places in Colorado

Here are the best places to live in Colorado

10 best cities to buy a new house in Colorado

Top 10 cities in Colorado with the best education system

10 Best cities in Colorado for employment

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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$64,010	$5,334	$1,493	$1,920
Renters	$27,067	$2,256	$632	$812

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Grand Junction, CO, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Grand Junction homeowners, is $64,010. This would allow for a maximum of $1,493 per month to be spent on housing costs. For renters, the median monthly income is $27,067 which would result in a maximum of $632 to be spent on rental 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	4.63%	4.63%

Goods & Services

Item	Grand Junction	National avg.	Difference
Haircut	$25.82	$20.27	27.4%
Beauty Salon	$43.44	$40.39	7.5%
Toothpaste	$2.21	$2.36	6.1%
Shampoo	$0.97	$1.08	10.0%
Movie	$10.31	$10.99	6.2%
Bowling	$15.47	$15.49	0.1%

Groceries

Item	Grand Junction	National avg.	Difference
Ground Beef	$4.75	$4.30	10.4%
Fried Chicken	$1.60	$1.40	14.1%
Milk	$2.39	$2.20	8.5%
Potatoes	$2.97	$3.22	7.8%
Pizza	$11.76	$10.74	9.5%
Beer	$9.14	$9.60	4.7%

Health Care

Item	Grand Junction	National avg.	Difference
Optometrist	$113.83	$109.73	3.7%
Doctor	$145.05	$118.34	22.6%
Dentist	$93.45	$100.94	7.4%
Ibuprofen	$9.07	$9.93	8.7%
Lipitor	$488.17	$469.53	4.0%

Housing

Item	Grand Junction	National avg.	Difference
Home Price	$204,700.00	$184,700.00	10.8%
Avg. Mortgage Payment	$1,158.98	$1,229.62	5.7%
Apartment Rent	$867.00	$949.00	8.6%

Transportation

Item	Grand Junction	National avg.	Difference
Gasoline	$2.85	$2.71	5.3%
Tire Balancing	$57.36	$51.86	10.6%

Utilities

Item	Grand Junction	National avg.	Difference
All Electricity	$134.94	$170.84	21.0%
Phone	$187.13	$187.18	0.0%

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.
Clifton, CO	20,021	92	7.9%
Palisade, CO	2,630	98	2.5%
Orchard Mesa, CO	6,497	100	0.0%
Fruitvale, CO	7,854	102	2.3%
Fruita, CO	12,790	104	3.9%
Grand Junction, CO	60,630	102	2.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Springfield, OR	60,611	105	5.1%
Jupiter, FL	60,597	119	19.2%
West Allis, WI	60,543	90	9.7%
Malden, MA	60,732	136	36.1%
Rocklin, CA	60,509	135	34.7%
Grand Junction, CO	60,630	102	2.2%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.