Silverton, Colorado Cost Of Living

C

6%

Overall NAT. AVG.

0%

Goods & Services NAT. AVG.

18%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

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	Silverton	Colorado	National
Cost of living	106	111	100
Goods & Services	100	105	100
Groceries	107	98	100
Health care	103	98	100
Housing	118	134	100
Transportation	107	105	100
Utilities	88	88	100

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Cost Of Living Quick Facts

The cost of living in Silverton is 4% lower than the Colorado average
The cost of living in Silverton is 6% higher than the national average
Silverton housing is 18% higher than the national average
Colorado general sales tax is 43% lower than the national average
Colorado state income tax is 95% 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	$46,250	$3,854	$1,079	$1,388
Renters	$36,438	$3,037	$850	$1,093

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%

Goods & Services

Item	Silverton	National avg.	Difference
Haircut	$25.82	$20.27	27.4%
Beauty Salon	$43.44	$40.39	7.5%
Toothpaste	$2.21	$2.36	6.1%
Shampoo	$0.97	$1.08	10.0%
Movie	$10.31	$10.99	6.2%
Bowling	$15.47	$15.49	0.1%

Groceries

Item	Silverton	National avg.	Difference
Ground Beef	$4.75	$4.30	10.4%
Fried Chicken	$1.60	$1.40	14.1%
Milk	$2.39	$2.20	8.5%
Potatoes	$2.97	$3.22	7.8%
Pizza	$11.76	$10.74	9.5%
Beer	$9.14	$9.60	4.7%

Health Care

Item	Silverton	National avg.	Difference
Optometrist	$113.83	$109.73	3.7%
Doctor	$145.05	$118.34	22.6%
Dentist	$93.45	$100.94	7.4%
Ibuprofen	$9.07	$9.93	8.7%
Lipitor	$488.17	$469.53	4.0%

Housing

Item	Silverton	National avg.	Difference
Home Price	$219,200.00	$184,700.00	18.7%
Avg. Mortgage Payment	$1,158.98	$1,229.62	5.7%
Apartment Rent	$1,092.00	$949.00	15.1%

Transportation

Item	Silverton	National avg.	Difference
Gasoline	$2.85	$2.71	5.3%
Tire Balancing	$57.36	$51.86	10.6%

Utilities

Item	Silverton	National avg.	Difference
All Electricity	$134.94	$170.84	21.0%
Phone	$187.13	$187.18	0.0%

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.
Mountain Village, CO	1,546	96	3.9%
Ouray, CO	849	120	19.9%
Ophir, CO	173	134	33.9%
Telluride, CO	1,972	173	73.5%
Silverton, CO	493	106	6.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Canby, CA	493	100	0.3%
Williamson, GA	493	97	2.6%
Lost Nation, IA	493	82	17.5%
Otho, IA	493	80	20.2%
Elizabethtown, IN	493	88	12.1%
Silverton, CO	493	106	6.0%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.