Pueblo West cost of living index

The above illustration supplies generalized information for the Pueblo West, CO cost of living index. Compared to other cities in Colorado and cities across the country, the cost of living index in Pueblo West, CO is 95, which is 12% lower than the Colorado average and 5% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Pueblo West, CO are 2% lower than the average for Colorado and 3% lower than the rest of the country.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Pueblo West, CO would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Pueblo West, CO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Pueblo West, CO salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Pueblo West, CO as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Pueblo West, CO homeowners, is $70,406. This would allow for a maximum of $1,643 per month to be spent on housing costs. For renters, the median monthly income is $41,747 which would result in a maximum of $974 to be spent on rental costs.

Colorado Sales Tax

Colorado Income Tax

When you are determining the total cost of living in Pueblo West, CO you will want to make sure you consider both the Colorado sales tax and the Colorado income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Colorado is 2.9%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Colorado have a range from 4.63% to 4.63%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Pueblo West, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.