Stratmoor, Colorado Cost Of Living

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C

Overall 1%

Goods & Services 10%

Housing 16%

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	Stratmoor	Colorado	National
Cost of living	99	111	100
Goods & Services	110	105	100
Groceries	101	98	100
Health care	100	98	100
Housing	84	134	100
Transportation	103	105	100
Utilities	99	88	100

Key findings

The cost of living in Stratmoor is 11% lower than the Colorado average
The cost of living in Stratmoor is 1% lower than the national average
Stratmoor housing is 16% lower 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	$54,844	$4,570	$1,280	$1,645
Renters	$36,037	$3,003	$841	$1,081

To approximate the cost of living and the housing affordability in Stratmoor, CO, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Stratmoor have a median income of $54,844. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,280 per month to avoid calamity and poverty. The renters in the city have an income of about $36,037, which would make their monthly maximum allowable rental costs $841.

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	Stratmoor	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	Stratmoor	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	Stratmoor	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	Stratmoor	National avg.	Difference
Home Price	$145,400.00	$184,700.00	21.3%
Avg. Mortgage Payment	$1,372.91	$1,229.62	11.7%
Apartment Rent	$920.00	$949.00	3.1%

Transportation

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

Utilities

Item	Stratmoor	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.
Cimarron Hills, CO	17,240	101	1.5%
Security-Widefield, CO	34,956	105	4.7%
Green Mountain Falls, CO	644	106	6.0%
Fountain, CO	27,817	108	7.7%
Colorado Springs, CO	448,759	108	8.0%
Stratmoor, CO	5,821	99	1.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Saint-Boniface, QC	5,825	n/a
Progreso, TX	5,826	71	29.2%
Eureka, IL	5,827	85	15.4%
Orlovista, FL	5,814	88	12.3%
New Whiteland, IN	5,814	90	10.2%
Stratmoor, CO	5,821	99	1.0%

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