Meridian, Colorado Cost Of Living

Buy Rent

F

Overall 22%

Goods & Services 11%

Housing 65%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Meridian	Colorado	National
Cost of living	122	111	100
Goods & Services	111	105	100
Groceries	95	98	100
Health care	102	98	100
Housing	165	134	100
Transportation	111	105	100
Utilities	82	88	100

Key findings

The cost of living in Meridian is 10% higher than the Colorado average
The cost of living in Meridian is 22% higher than the national average
Meridian housing is 65% 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	$138,000	$11,500	$3,220	$4,140
Renters	$70,707	$5,892	$1,650	$2,121

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	Meridian	National avg.	Difference
Haircut	$24.13	$20.27	19.0%
Beauty Salon	$44.79	$40.39	10.9%
Toothpaste	$2.10	$2.36	11.0%
Shampoo	$0.95	$1.08	11.4%
Movie	$13.95	$10.99	27.0%
Bowling	$22.38	$15.49	44.5%

Groceries

Item	Meridian	National avg.	Difference
Ground Beef	$4.02	$4.30	6.5%
Fried Chicken	$1.24	$1.40	11.6%
Milk	$1.79	$2.20	18.9%
Potatoes	$2.51	$3.22	22.1%
Pizza	$12.30	$10.74	14.5%
Beer	$9.38	$9.60	2.3%

Health Care

Item	Meridian	National avg.	Difference
Optometrist	$110.56	$109.73	0.8%
Doctor	$113.95	$118.34	3.7%
Dentist	$111.41	$100.94	10.4%
Ibuprofen	$9.25	$9.93	6.9%
Lipitor	$476.06	$469.53	1.4%

Housing

Item	Meridian	National avg.	Difference
Home Price	$317,700.00	$184,700.00	72.0%
Avg. Mortgage Payment	$1,750.05	$1,229.62	42.3%
Apartment Rent	$1,419.00	$949.00	49.5%

Transportation

Item	Meridian	National avg.	Difference
Gasoline	$2.94	$2.71	8.3%
Tire Balancing	$60.53	$51.86	16.7%

Utilities

Item	Meridian	National avg.	Difference
All Electricity	$117.89	$170.84	31.0%
Phone	$186.45	$187.18	0.4%

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.
Glendale CDP, CO	78	104	3.7%
Glendale, CO	4,905	97	2.9%
Sheridan, CO	5,965	100	0.0%
Elizabeth, CO	1,174	105	5.3%
Aurora, CO	351,131	106	6.4%
Meridian, CO	3,327	122	22.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Crestview Hills, KY	3,327	99	1.3%
Sugar Creek, MO	3,327	81	19.1%
Three Hills, AB	3,327	n/a
West Point, VA	3,326	101	1.2%
Cassville, MO	3,328	80	20.4%
Meridian, CO	3,327	122	22.1%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.