Security-Widefield cost of living index

Here we can see a simple outline of the cost of living in Security-Widefield, CO. As you can see, with the average cost of living in Security-Widefield, CO being 96, that puts it 11% lower than the average of Colorado and 4% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Security-Widefield, CO, the price of goods and services are 5% lower than the average of Colorado as well as 5% lower than the nation's average.

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Salary Calculator

Use the salary calculator to compare your current income in Security-Widefield, CO to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Security-Widefield, CO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Security-Widefield, CO salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview 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 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, CO 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

Colorado Income Tax

The Colorado sales tax and Colorado income tax rates should definitely be considered when determining the overall cost of living in Security-Widefield, CO. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Colorado sales tax is 2.9% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Colorado income tax rates 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 Security-Widefield, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.