Manitou Springs, Colorado Cost Of Living

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Overall 12%

Goods & Services 4%

Housing 39%

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	Manitou Springs	Colorado	National
Cost of living	112	110	100
Goods & Services	104	103	100
Groceries	94	97	100
Health care	107	104	100
Housing	139	134	100
Transportation	99	102	100
Utilities	99	86	100

Key findings

The cost of living in Manitou Springs is 2% higher than the Colorado average
The cost of living in Manitou Springs is 12% higher than the national average
Manitou Springs housing is 39% 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	$68,500	$5,708	$1,598	$2,055
Renters	$39,101	$3,258	$912	$1,173

A good way to judge both the affordability of the housing and the cost of living in Manitou Springs is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Manitou Springs has a median income of about $68,500 for people who own homes. Based on that number, a maximum of $1,598 should be spent on expenses related to housing. Renters have a slightly different median income, which is $39,101. Based on this average, renters should spend no more than $912 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Manitou Springs	National avg.	Difference
Haircut	$20.57	$17.49	17.6%
Beauty Salon	$41.14	$38.17	7.8%
Toothpaste	$2.74	$2.32	18.1%
Shampoo	$1.02	$1.01	0.8%
Movie	$10.24	$10.72	4.5%
Bowling	$15.00	$13.86	8.2%

Groceries

Item	Manitou Springs	National avg.	Difference
Ground Beef	$3.95	$3.90	1.3%
Fried Chicken	$1.44	$1.40	3.2%
Milk	$1.62	$1.96	17.4%
Potatoes	$2.71	$3.18	14.9%
Pizza	$11.17	$10.39	7.5%
Beer	$9.12	$9.23	1.2%

Health Care

Item	Manitou Springs	National avg.	Difference
Optometrist	$108.79	$106.34	2.3%
Doctor	$145.00	$115.25	25.8%
Dentist	$99.14	$98.38	0.8%
Ibuprofen	$8.56	$9.26	7.6%
Lipitor	$493.76	$466.47	5.9%

Housing

Item	Manitou Springs	National avg.	Difference
Home Price	$295,700.00	$184,700.00	60.1%
Avg. Mortgage Payment	$1,220.36	$1,273.32	4.2%
Apartment Rent	$841.00	$949.00	11.4%

Transportation

Item	Manitou Springs	National avg.	Difference
Gasoline	$2.56	$2.59	1.3%
Tire Balancing	$50.25	$48.90	2.8%

Utilities

Item	Manitou Springs	National avg.	Difference
All Electricity	$165.38	$167.60	1.3%
Phone	$179.26	$163.42	9.7%

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.
Divide, CO	120	101	1%
Goldfield, CO	21	101	1%
Victor, CO	475	87	-13%
Cripple Creek, CO	1,238	91	-9%
Stratmoor, CO	5,821	96	-4%
Manitou Springs, CO	5,217	112	12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Tipton, IN	5,217	81	-19%
Salton City, CA	5,217	98	-2%
Robbins, IL	5,216	91	-9%
Springfield, MI	5,218	74	-26%
Chackbay, LA	5,216	94	-6%
Manitou Springs, CO	5,217	112	12%

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

Manitou Springs, CO Cost of Living

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