Woodmoor, CO Cost Of Living

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Woodmoor 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.
Index	Woodmoor	Colorado	National
Cost of living index	128	110	100
Index	Woodmoor	Colorado	National
Goods & Services index	104	103	100
Groceries index	94	97	100
Health care index	107	104	100
Housing index	192	134	100
Transportation index	99	102	100
Utilities index	99	86	100

The above illustration supplies generalized information for the Woodmoor, CO cost of living index. Compared to other cities in Colorado and cities across the country, the cost of living index in Woodmoor, CO is 128, which is 17% higher than the Colorado average and 28% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Woodmoor, CO are 1% higher than the average for Colorado and 4% higher than the rest of the country.

Did you know?

The cost of living in Woodmoor is 17% higher than the Colorado average.
The cost of living in Woodmoor is 28% higher than the national average.
The cost of housing in Woodmoor is 92% higher 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.

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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in Woodmoor, CO to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Woodmoor, CO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Woodmoor, CO salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$126,977	$10,581	$2,963	$3,810
Renters	$76,250	$6,354	$1,779	$2,288

One can approximate the cost of living and the housing affordability in Woodmoor, CO by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Woodmoor, CO have a median income of $126,977. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,963 per month to avoid calamity and poverty. The renters in the city have an income of about $76,250, which would make their monthly maximum allowable rental costs $1,779.

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%

When you are determining the total cost of living in Woodmoor, CO you will want to make sure you consider both the Colorado sales tax and the Colorado income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Colorado is 2.9%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Colorado have a range from 4.63% to 4.63%.

Goods & Services

Item	Woodmoor	National avg.	Difference
Haircut	$20.57	$17.49	17.6%
Beauty Salon	$41.14	$38.17	7.8%
Toothpaste	$2.74	$2.32	18.1%
Shampoo	$1.02	$1.01	0.8%
Movie	$10.24	$10.72	4.5%
Bowling	$15.00	$13.86	8.2%

Groceries

Item	Woodmoor	National avg.	Difference
Ground Beef	$3.95	$3.90	1.3%
Fried Chicken	$1.44	$1.40	3.2%
Milk	$1.62	$1.96	17.4%
Potatoes	$2.71	$3.18	14.9%
Pizza	$11.17	$10.39	7.5%
Beer	$9.12	$9.23	1.2%

Health Care

Item	Woodmoor	National avg.	Difference
Optometrist	$108.79	$106.34	2.3%
Doctor	$145.00	$115.25	25.8%
Dentist	$99.14	$98.38	0.8%
Ibuprofen	$8.56	$9.26	7.6%
Lipitor	$493.76	$466.47	5.9%

Housing

Item	Woodmoor	National avg.	Difference
Home Price	$402,000.00	$184,700.00	117.7%
Avg. Mortgage Payment	$1,220.36	$1,273.32	4.2%
Apartment Rent	$1,257.00	$949.00	32.5%

Transportation

Item	Woodmoor	National avg.	Difference
Gasoline	$2.56	$2.59	1.3%
Tire Balancing	$50.25	$48.90	2.8%

Utilities

Item	Woodmoor	National avg.	Difference
All Electricity	$165.38	$167.60	1.3%
Phone	$179.26	$163.42	9.7%

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.

City, State	Population	Cost of Living Index	National Avg.
Green Mountain Falls, CO	644	103	3%
Larkspur, CO	221	105	5%
Palmer Lake, CO	2,558	106	6%
Cascade-Chipita Park, CO	1,365	107	7%
Woodland Park, CO	7,180	112	12%
Woodmoor, CO	8,587	128	28%

City, State	Population	Cost of Living Index	National Avg.
New Albany, MS	8,589	82	-18%
Fair Oaks Ranch, TX	8,582	125	25%
North Weeki Wachee, FL	8,593	93	-7%
Evergreen, CO	8,580	131	31%
Virginia, MN	8,594	91	-9%
Woodmoor, CO	8,587	128	28%

Woodmoor, CO Cost of Living