Cost Of Living in Penrose, CO

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B

9%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

18%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Penrose	Colorado	National
Cost of living	109	115	100
Groceries	103	104	100
Health care	104	107	100
Housing	118	136	100
Transportation	107	106	100
Utilities	104	108	100
Lifestyle & Entertainment	104	107	100
Household Items	103	105	100
Education & Childcare	110	111	100

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Homes For Sale In Penrose, CO

1055 3rd St

Penrose, CO

1811 11th St

Penrose, CO

550 4th St

Penrose, CO

62 9th Ave

Penrose, CO

Cost Of Living Quick Facts

The cost of living in Penrose is 6% lower than the Colorado average
The cost of living in Penrose is 9% higher than the national average
Penrose housing is 18% 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
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$134,527	$11,211	$3,139	$4,036
Renters	$29,575	$2,465	$690	$887

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Williamsburg, CO	545	98	1.6%
Florence, CO	4,019	99	1.2%
Rockvale, CO	561	99	1.2%
Cañon City, CO	16,810	103	2.7%
Lincoln Park, CO	3,645	105	4.6%
Penrose, CO	3,302	109	8.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Vine Hill, CA	3,302	161	60.8%
Jackson, MN	3,302	90	9.8%
Big Lake, TX	3,302	88	12.3%
Myerstown, PA	3,301	96	4.1%
Georgetown, IL	3,303	84	16.4%
Penrose, CO	3,302	109	8.6%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Penrose, CO

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Nearby cities with low cost of living

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