F
Overall 29%
Goods & Services 9%
Housing 94%
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.
IndexHighlands RanchColoradoNational
Cost of living129110100
Goods & Services109103100
Groceries9897100
Health care104104100
Housing194134100
Transportation104102100
Utilities8186100

Key findings

  • The cost of living in Highlands Ranch is 18% higher than the Colorado average
  • The cost of living in Highlands Ranch is 29% higher than the national average
  • Highlands Ranch housing is 94% 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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Compare Highlands Ranch, CO Cost of Living

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$122,310$10,193$2,854$3,670
      Renters$75,321$6,277$1,757$2,260
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Highlands Ranch, 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 Highlands Ranch, homeowners have a median income of $122,310. Using that number, a maximum of $2,854 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $75,321, which means there is a maximum of $1,757 to be spent on the costs of renting a home or apartment.

      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

      ItemHighlands RanchNational 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

      ItemHighlands RanchNational 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

      ItemHighlands RanchNational 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

      ItemHighlands RanchNational avg.Difference
      Home Price $376,000.00$184,700.00103.6%
      Avg. Mortgage Payment $1,840.89$1,273.3244.6%
      Apartment Rent $1,624.00$949.0071.1%

      Transportation

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

      Utilities

      ItemHighlands RanchNational 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%
      Glendale, CO4,90596-4%
      Sheridan, CO5,96599-1%
      Aurora, CO351,1311055%
      West Pleasant View, CO4,0781066%
      Highlands Ranch, CO106,59612929%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Everett, WA106,58012828%
      Palm Bay, FL106,57395-5%
      Norwalk, CA106,36013131%
      Pearland, TX106,2381033%
      North Charleston, SC106,11395-5%
      Highlands Ranch, CO106,59612929%
      Source: The Highlands Ranch, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.