Cost Of Living in Lincoln Park, CO

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A+

1%

Overall NAT. AVG.

0%

Goods & Services NAT. AVG.

5%

Housing NAT. AVG.

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	Lincoln Park	Colorado	National
Cost of living	101	111	100
Goods & Services	100	104	100
Groceries	98	101	100
Health care	100	100	100
Housing	105	134	100
Transportation	100	105	100
Utilities	94	91	100

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Cost Of Living Quick Facts

The cost of living in Lincoln Park is 10% lower than the Colorado average
The cost of living in Lincoln Park is 1% higher than the national average
Lincoln Park housing is 5% higher than the national average
Colorado general sales tax is 43% lower than the national average
Colorado state income tax is 69% 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	$70,815	$5,901	$1,652	$2,125
Renters	$45,457	$3,788	$1,061	$1,364

A good indicator of the general affordability of housing in Lincoln Park, CO, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lincoln Park, the median monthly income is $70,815 for those who own their own homes. Under the standard rule, that income level would allow for $1,652 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $45,457, per the median income in the area. That would allow for renters to spend up to $1,061 on monthly rental expenses.

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	Lincoln Park	National avg.	Difference
Haircut	$23.33	$24.26	3.8%
Beauty Salon	$45.83	$45.56	0.6%
Toothpaste	$3.47	$3.70	6.2%
Shampoo	$1.22	$1.28	4.9%
Movie	$18.99	$12.13	56.5%
Bowling	$29.17	$18.00	62.0%

Groceries

Item	Lincoln Park	National avg.	Difference
Ground Beef	$5.63	$5.84	3.5%
Fried Chicken	$1.38	$1.57	12.6%
Milk	$4.69	$4.67	0.4%
Potatoes	$3.88	$4.93	21.3%
Pizza	$12.82	$12.09	6.1%
Beer	$10.59	$10.41	1.7%

Health Care

Item	Lincoln Park	National avg.	Difference
Optometrist	$82.33	$125.68	34.5%
Doctor	$99.00	$135.78	27.1%
Dentist	$103.33	$113.29	8.8%
Ibuprofen	$10.75	$10.65	0.9%
Lipitor	$538.16	$468.60	14.8%

Housing

Item	Lincoln Park	National avg.	Difference
Home Price	$207,000.00	$184,700.00	12.1%
Avg. Mortgage Payment	$2,880.89	$2,346.69	22.8%
Apartment Rent	$840.00	$949.00	11.5%

Transportation

Item	Lincoln Park	National avg.	Difference
Gasoline	$3.71	$3.46	7.1%
Tire Balancing	$67.11	$59.92	12.0%

Utilities

Item	Lincoln Park	National avg.	Difference
All Electricity	$155.08	$193.99	20.1%
Phone	$194.35	$192.25	1.1%

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.
Williamsburg, CO	533	94	6.4%
Rockvale, CO	548	94	6.0%
Florence, CO	3,913	94	5.9%
Cañon City, CO	16,369	103	3.0%
Brookside, CO	224	100	0.3%
Lincoln Park, CO	3,559	101	0.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Farmersville, TX	3,560	111	10.9%
Loxahatchee Groves, FL	3,557	144	43.7%
Unadilla, GA	3,557	80	20.0%
Gallipolis, OH	3,557	87	13.4%
Centerville, TN	3,561	90	10.3%
Lincoln Park, CO	3,559	101	0.5%