D
Overall 7%
Goods & Services 4%
Housing 34%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexWheat RidgeColoradoNational
Cost of living107110100
Goods & Services104103100
Groceries8497100
Health care98104100
Housing134134100
Transportation95102100
Utilities7986100

Key findings

  • The cost of living in Wheat Ridge is 3% lower than the Colorado average
  • The cost of living in Wheat Ridge is 7% higher than the national average
  • Wheat Ridge housing is 34% 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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Compare Wheat Ridge, CO Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$72,794$6,066$1,698$2,184
      Renters$37,461$3,122$874$1,124
      A good indicator of the general affordability of housing in Wheat Ridge, CO, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Wheat Ridge, the median monthly income is $72,794 for those who own their own homes. Under the standard rule, that income level would allow for $1,698 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $37,461, per the median income in the area. That would allow for renters to spend up to $874 on monthly rental expenses.

      Colorado Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Colorado2.9%10%

      Colorado Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Colorado4.63%4.63%

      Goods & Services

      ItemWheat RidgeNational avg.Difference
      Haircut $24.00$17.4937.2%
      Beauty Salon $35.00$38.178.3%
      Toothpaste $1.79$2.3222.9%
      Shampoo $0.88$1.0113.0%
      Movie $13.49$10.7225.8%
      Bowling $20.00$13.8644.3%

      Groceries

      ItemWheat RidgeNational avg.Difference
      Ground Beef $3.94$3.901.0%
      Fried Chicken $1.48$1.406.0%
      Milk $1.19$1.9639.4%
      Potatoes $1.97$3.1838.1%
      Pizza $10.99$10.395.7%
      Beer $8.98$9.232.7%

      Health Care

      ItemWheat RidgeNational avg.Difference
      Optometrist $108.00$106.341.6%
      Doctor $120.00$115.254.1%
      Dentist $90.00$98.388.5%
      Ibuprofen $7.97$9.2613.9%
      Lipitor $508.67$466.479.0%

      Housing

      ItemWheat RidgeNational avg.Difference
      Home Price $278,700.00$184,700.0050.9%
      Avg. Mortgage Payment $1,896.78$1,273.3249.0%
      Apartment Rent $901.00$949.005.1%

      Transportation

      ItemWheat RidgeNational avg.Difference
      Gasoline $2.26$2.5912.8%
      Tire Balancing $55.00$48.9012.5%

      Utilities

      ItemWheat RidgeNational avg.Difference
      All Electricity$103.99$167.6038.0%
      Phone $183.87$163.4212.5%
      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.
      Glendale CDP, CO781022%
      Lakeside, CO1080-20%
      Federal Heights, CO12,17380-20%
      Derby, CO8,93090-10%
      Glendale, CO4,90596-4%
      Wheat Ridge, CO31,0441077%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Dania Beach, FL31,0461022%
      Gurnee, IL31,07011515%
      Meadow Woods, FL31,07797-3%
      Shawnee, OK31,09183-17%
      San Luis, AZ31,11891-9%
      Wheat Ridge, CO31,0441077%
      Source: The Wheat Ridge, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.