Security-Widefield, Colorado Cost Of Living

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D+

Overall 5%

Goods & Services 10%

Housing 3%

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	Security-Widefield	Colorado	National
Cost of living	105	111	100
Goods & Services	110	105	100
Groceries	101	98	100
Health care	100	98	100
Housing	103	134	100
Transportation	103	105	100
Utilities	99	88	100

Key findings

The cost of living in Security-Widefield is 5% lower than the Colorado average
The cost of living in Security-Widefield is 5% higher than the national average
Security-Widefield housing is 3% 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	$62,989	$5,249	$1,470	$1,890
Renters	$48,297	$4,025	$1,127	$1,449

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Security-Widefield, 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 Security-Widefield homeowners, is $62,989. This would allow for a maximum of $1,470 per month to be spent on housing costs. For renters, the median monthly income is $48,297 which would result in a maximum of $1,127 to be spent on rental costs.

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	Security-Widefield	National avg.	Difference
Haircut	$25.24	$20.27	24.5%
Beauty Salon	$45.60	$40.39	12.9%
Toothpaste	$1.96	$2.36	16.8%
Shampoo	$1.02	$1.08	5.5%
Movie	$10.73	$10.99	2.3%
Bowling	$15.29	$15.49	1.3%

Groceries

Item	Security-Widefield	National avg.	Difference
Ground Beef	$4.10	$4.30	4.6%
Fried Chicken	$1.19	$1.40	15.2%
Milk	$1.75	$2.20	20.4%
Potatoes	$2.58	$3.22	19.9%
Pizza	$11.21	$10.74	4.4%
Beer	$9.33	$9.60	2.8%

Health Care

Item	Security-Widefield	National avg.	Difference
Optometrist	$112.79	$109.73	2.8%
Doctor	$119.60	$118.34	1.1%
Dentist	$100.70	$100.94	0.2%
Ibuprofen	$9.29	$9.93	6.5%
Lipitor	$475.12	$469.53	1.2%

Housing

Item	Security-Widefield	National avg.	Difference
Home Price	$173,500.00	$184,700.00	6.1%
Avg. Mortgage Payment	$1,372.91	$1,229.62	11.7%
Apartment Rent	$1,184.00	$949.00	24.8%

Transportation

Item	Security-Widefield	National avg.	Difference
Gasoline	$2.81	$2.71	3.8%
Tire Balancing	$52.65	$51.86	1.5%

Utilities

Item	Security-Widefield	National avg.	Difference
All Electricity	$169.45	$170.84	0.8%
Phone	$185.54	$187.18	0.9%

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.
Stratmoor, CO	5,821	99	1.0%
Cimarron Hills, CO	17,240	101	1.5%
Fountain, CO	27,817	108	7.7%
Colorado Springs, CO	448,759	108	8.0%
Manitou Springs, CO	5,217	115	15.3%
Security-Widefield, CO	34,956	105	4.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Peachtree City, GA	34,988	117	16.5%
La Porte, TX	34,922	94	5.8%
Rosenberg, TX	34,908	92	7.6%
University City, MO	35,042	101	0.8%
Bettendorf, IA	35,048	99	0.6%
Security-Widefield, CO	34,956	105	4.7%

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