Redlands, CO Cost Of Living

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Redlands cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Redlands	Colorado	National
Cost of living index	113	110	100
Index	Redlands	Colorado	National
Goods & Services index	97	103	100
Groceries index	108	97	100
Health care index	106	104	100
Housing index	145	134	100
Transportation index	108	102	100
Utilities index	84	86	100

Displayed above is a general overview of the Redlands, CO cost of living index. The overall cost of living index in Redlands, CO is 113, which is 3% higher than the Colorado average and 13% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Redlands, CO are 6% lower than the Colorado average and 3% lower than the national average.

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Did you know?

The cost of living in Redlands is 3% higher than the Colorado average.
The cost of living in Redlands is 13% higher than the national average.
The cost of housing in Redlands is 45% higher than the national average.
Colorado general sales tax is 43% lower than the national average.
Colorado state income tax is 108% higher than the national average.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Redlands, CO to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Redlands, CO, then you would need to earn more income in order to maintain the same standard of living. To use the Redlands, CO salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$65,049	$5,421	$1,518	$1,952
Renters	$72,639	$6,053	$1,695	$2,179

If you want to find a good determining factor for the cost of living and the general affordability of housing in Redlands, CO, all you must look at 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 Redlands, CO, the median monthly income is $65,049 for those who own their own homes. Under the standard rule, that income level would allow for $1,518 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $72,639, per the median income in the area. That would allow for renters to spend up to $1,695 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	4.63%	4.63%

For those who live in Redlands, CO and want to know what the true cost of living is, they ought to look at both the Colorado income tax rate and the Colorado sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Colorado, the sales tax is 2.9%, while the most you'll pay in surtax is 10%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Colorado, the income tax rate ranges between 4.63% to 4.63%.

Goods & Services

Item	Redlands	National avg.	Difference
Haircut	$22.50	$17.49	28.6%
Beauty Salon	$35.00	$38.17	8.3%
Toothpaste	$1.96	$2.32	15.6%
Shampoo	$0.88	$1.01	13.0%
Movie	$12.15	$10.72	13.3%
Bowling	$13.75	$13.86	0.8%

Groceries

Item	Redlands	National avg.	Difference
Ground Beef	$3.29	$3.90	15.6%
Fried Chicken	$1.36	$1.40	2.6%
Milk	$2.18	$1.96	11.1%
Potatoes	$2.16	$3.18	32.1%
Pizza	$12.40	$10.39	19.3%
Beer	$9.32	$9.23	1.0%

Health Care

Item	Redlands	National avg.	Difference
Optometrist	$72.50	$106.34	31.8%
Doctor	$148.00	$115.25	28.4%
Dentist	$97.50	$98.38	0.9%
Ibuprofen	$9.98	$9.26	7.8%
Lipitor	$497.16	$466.47	6.6%

Housing

Item	Redlands	National avg.	Difference
Home Price	$279,100.00	$184,700.00	51.1%
Avg. Mortgage Payment	$1,407.25	$1,273.32	10.5%
Apartment Rent	$1,246.00	$949.00	31.3%

Transportation

Item	Redlands	National avg.	Difference
Gasoline	$2.69	$2.59	3.9%
Tire Balancing	$57.33	$48.90	17.3%

Utilities

Item	Redlands	National avg.	Difference
All Electricity	$117.83	$167.60	29.7%
Phone	$183.45	$163.42	12.3%

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.
Clifton, CO	20,021	91	-9%
Orchard Mesa, CO	6,497	99	-1%
Grand Junction, CO	60,630	101	1%
Fruitvale, CO	7,854	101	1%
Fruita, CO	12,790	103	3%
Redlands, CO	9,187	113	13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Ellisville, MO	9,188	105	5%
Harleysville, PA	9,191	117	17%
Montecito, CA	9,193	334	234%
Andover, MA	9,194	151	51%
Hartland, WI	9,195	106	6%
Redlands, CO	9,187	113	13%

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

Redlands, CO Cost of Living