The Cost of Living in Colorado – SmartAsset

The country already is feeling the effects of an aging population, but its most populous state is bracing for a hard hit as retirement collides with increasing poverty and the high cost of living.

An amount below 100 means colorado springs is cheaper than the US average. A cost of living index above 100 means Colorado Springs, Colorado is more expensive. colorado springs cost of living is 112.9. Housing is the biggest factor in the cost of living difference.

According to SmartAsset’s cost of living calculator, counties in North Texas fared well nationally and statewide when it came to purchasing power – a number calculated based off an area’s estimated.

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Colorado Springs, Colorado’s cost of living is 6% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real.

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Colorado Springs might not jump off the map as an economic or cultural hub the way larger metro areas like Denver do. But in a quieter, gentler way, Colorado Springs has much to offer, including a low cost of living, a low unemployment rate and a variety of recreation and entertainment options.

These cities have the lowest cost of living in all of Colorado. Listed above are the most affordable places to live in Colorado with a population of more than 5,000 people. To calculate the most affordable cities in Colorado, the cost of living index for each city was calculated, then compared to the national average of 100.

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“If a teacher moved from Denver, Colorado, to New Orleans, Louisiana,” analysts suggest, “they’d instantly improve their standard of living by approximately 50% (after you factor in the cost of living.

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According to MIT’s living wage calculator, a living hourly wage for one adult with no children in Denver County is $13.87. Unfortunately, the minimum wage in Colorado is just $10.20. As you might expect, living wages rise as your family gets larger.

Compare the Cost of Living in Denver, Colorado against another US Cities and States. Salary.com’s Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. See what you’ll need to earn to keep your current standard of living wherever you choose to work and live.