Trinidad 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.
IndexTrinidadColoradoNational
Cost of living index87108100
IndexTrinidadColoradoNational
Goods & Services index9899100
Groceries index9799100
Health care index102103100
Housing index70134100
Transportation index98104100
Utilities index7278100
An overview of the general cost of living index for Trinidad, CO is displayed above for your reference. Residents in Trinidad, CO enjoy a cost of living index of 87. This index is 20% lower than the Colorado average, and 13% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Trinidad, CO, the average cost of goods and services is 2% lower than it is in Colorado, and it is 3% lower than the national average.

Find Real Estate Listings In Trinidad

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Trinidad

How would you rate the cost of living in Trinidad?View resultsWrite a review to give others more information about this area.
Is the cost of living increasing or decreasing in Trinidad?View resultsWrite a review to give others more information about this area.

Did you know?

  • The cost of living in Trinidad is 20% lower than the Colorado average.
  • The cost of living in Trinidad is 13% lower than the national average.
  • The cost of housing in Trinidad is 30% lower 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.

Real Estate Listings In Trinidad

Compare Trinidad, CO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Trinidad, CO to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Trinidad, CO, you have to earn a higher income in order to still have the same standard of living. To operate the Trinidad, CO salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,321$4,110$1,151$1,480
Renters$26,287$2,191$613$789
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Trinidad, CO, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Trinidad, CO homeowners have a median income of $49,321. Using that number, you will come up with a maximum of $1,151 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $26,287, which means there is a maximum of $613 to be spent on the costs of renting a home or apartment.

Colorado Sales Tax

StateGeneral Sales TaxWith Max Surtax
Colorado2.9%10%

Colorado Income Tax

StateIncome Tax (Low)Income Tax (High)
Colorado4.63%4.63%
One thing to keep in mind when considering the cost of living in Trinidad, CO is the Colorado sales tax and Colorado income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Colorado sales tax rate is 2.9% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Colorado income tax rates range from 4.63% to 4.63%.

Goods & Services

ItemTrinidadNational avg.Difference
Haircut $14.00$16.0913.0%
Beauty Salon $31.97$37.3314.4%
Toothpaste $1.76$2.4528.2%
Shampoo $0.98$1.001.7%
Movie $9.85$10.284.2%
Bowling $3.34$4.9332.3%

Groceries

ItemTrinidadNational avg.Difference
Ground Beef $3.78$3.800.7%
Fried Chicken $1.32$1.405.7%
Milk $1.68$2.0116.2%
Potatoes $2.25$3.0125.2%
Pizza $8.82$9.8910.7%
Beer $9.66$8.908.5%

Health Care

ItemTrinidadNational avg.Difference
Optometrist $97.15$102.164.9%
Doctor $105.77$108.362.4%
Dentist $96.89$92.534.7%
Ibuprofen $9.39$9.281.2%
Lipitor $449.92$425.825.7%

Housing

ItemTrinidadNational avg.Difference
Home Price $127,500.00$184,700.0031.0%
Avg. Mortgage Payment $864.29$1,202.4428.1%
Apartment Rent $682.00$949.0028.1%

Transportation

ItemTrinidadNational avg.Difference
Gasoline $2.14$2.244.5%
Tire Balancing $48.54$46.294.9%

Utilities

ItemTrinidadNational avg.Difference
All Electricity$127.43$165.9623.2%
Phone $19.01$28.6833.7%
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, StatePopulationCost of Living IndexNational Avg.
Valdez, CO694-6%
Starkville, CO6976-24%
Hoehne, CO8084-16%
Jansen, CO21390-10%
Cokedale, CO11191-9%
Trinidad, CO8,28087-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Vista, WA8,27912222%
Port Jefferson Station, NY8,27913737%
Princeton, TX8,27888-12%
Montvale, NJ8,28518181%
Bellevue, PA8,28590-10%
Trinidad, CO8,28087-13%
Source: The Trinidad, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.