Gunbarrel, Colorado Cost Of Living

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F

Overall 26%

Goods & Services 4%

Housing 100%

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.
Index	Gunbarrel	Colorado	National
Cost of living	126	110	100
Goods & Services	104	103	100
Groceries	84	97	100
Health care	98	104	100
Housing	200	134	100
Transportation	95	102	100
Utilities	79	86	100

Key findings

The cost of living in Gunbarrel is 15% higher than the Colorado average
The cost of living in Gunbarrel is 26% higher than the national average
Gunbarrel housing is 100% 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

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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	$101,203	$8,434	$2,361	$3,036
Renters	$55,439	$4,620	$1,293	$1,663

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Gunbarrel, 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 Gunbarrel homeowners, is $101,203. This would allow for a maximum of $2,361 per month to be spent on housing costs. For renters, the median monthly income is $55,439 which would result in a maximum of $1,293 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	Gunbarrel	National avg.	Difference
Haircut	$24.00	$17.49	37.2%
Beauty Salon	$35.00	$38.17	8.3%
Toothpaste	$1.79	$2.32	22.9%
Shampoo	$0.88	$1.01	13.0%
Movie	$13.49	$10.72	25.8%
Bowling	$20.00	$13.86	44.3%

Groceries

Item	Gunbarrel	National avg.	Difference
Ground Beef	$3.94	$3.90	1.0%
Fried Chicken	$1.48	$1.40	6.0%
Milk	$1.19	$1.96	39.4%
Potatoes	$1.97	$3.18	38.1%
Pizza	$10.99	$10.39	5.7%
Beer	$8.98	$9.23	2.7%

Health Care

Item	Gunbarrel	National avg.	Difference
Optometrist	$108.00	$106.34	1.6%
Doctor	$120.00	$115.25	4.1%
Dentist	$90.00	$98.38	8.5%
Ibuprofen	$7.97	$9.26	13.9%
Lipitor	$508.67	$466.47	9.0%

Housing

Item	Gunbarrel	National avg.	Difference
Home Price	$416,300.00	$184,700.00	125.4%
Avg. Mortgage Payment	$1,896.78	$1,273.32	49.0%
Apartment Rent	$1,324.00	$949.00	39.5%

Transportation

Item	Gunbarrel	National avg.	Difference
Gasoline	$2.26	$2.59	12.8%
Tire Balancing	$55.00	$48.90	12.5%

Utilities

Item	Gunbarrel	National avg.	Difference
All Electricity	$103.99	$167.60	38.0%
Phone	$183.87	$163.42	12.5%

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, State	Population	Cost of Living Index	National Avg.
Seven Hills, CO	98	95	-5%
Leyner, CO	27	95	-5%
Federal Heights, CO	12,173	80	-20%
Coal Creek town, CO	308	96	-4%
Dacono, CO	4,623	96	-4%
Gunbarrel, CO	9,559	126	26%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Progress, PA	9,560	97	-3%
Pine Ridge, FL	9,554	103	3%
Marlton, MD	9,564	120	20%
Alachua, FL	9,553	99	-1%
Mooresville, IN	9,553	89	-11%
Gunbarrel, CO	9,559	126	26%

Source: The Gunbarrel, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Gunbarrel, CO Cost of Living

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