Inverness cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexInvernessColoradoNational
Cost of living index128110100
IndexInvernessColoradoNational
Goods & Services index109103100
Groceries index9897100
Health care index104104100
Housing index189134100
Transportation index104102100
Utilities index8186100

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Did you know?

  • The cost of living in Inverness is 16% higher than the Colorado average.
  • The cost of living in Inverness is 28% higher than the national average.
  • The cost of housing in Inverness is 89% higher than the national average.
  • Colorado general sales tax is 43% lower than the national average.
  • Colorado state income tax is 108% higher than the national average.

Compare Inverness, CO Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$101,360$8,447$2,365$3,041
Renters$88,833$7,403$2,073$2,665

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

ItemInvernessNational 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

ItemInvernessNational 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

ItemInvernessNational 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

ItemInvernessNational avg.Difference
Home Price $373,300.00$184,700.00102.1%
Avg. Mortgage Payment $1,840.89$1,273.3244.6%
Apartment Rent $1,497.00$949.0057.7%

Transportation

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

Utilities

ItemInvernessNational 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%
Lakeside, CO1080-20%
Glendale, CO4,90596-4%
Sheridan, CO5,96599-1%
Aurora, CO351,1311055%
Inverness, CO1,18912828%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ravenna, MI1,18985-15%
Worthington, IN1,18981-19%
Calvert, TX1,18878-22%
LaCoste, TX1,18881-19%
Covelo, CA1,18811616%
Inverness, CO1,18912828%
Source: The Inverness, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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