Cost of Living in Idaho Springs, CO

A+
12%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
40%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Idaho Springs Colorado National
Cost of living112111100
Goods & Services104104100
Groceries96101100
Health care89100100
Housing140134100
Transportation109105100
Utilities8891100
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Cost Of Living Quick Facts

  • The cost of living in Idaho Springs is 1% higher than the Colorado average
  • The cost of living in Idaho Springs is 12% higher than the national average
  • Idaho Springs housing is 40% higher than the national average
  • Colorado general sales tax is 43% lower than the national average
  • Colorado state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Idaho Springs

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Compare Idaho Springs, CO Cost of Living

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      Salary Calculator

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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$75,000$6,250$1,750$2,250
      Renters$42,700$3,558$996$1,281

      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 4.4% 4.4%

      Goods & Services

      Item Idaho Springs National avg. Difference
      Haircut $25.33$24.264.4%
      Beauty Salon $45.45$45.560.3%
      Toothpaste $4.12$3.7011.4%
      Shampoo $1.19$1.286.8%
      Movie $11.09$12.138.6%
      Bowling $22.22$18.0023.5%

      Groceries

      Item Idaho Springs National avg. Difference
      Ground Beef $5.56$5.844.8%
      Fried Chicken $1.43$1.578.9%
      Milk $4.89$4.674.7%
      Potatoes $4.62$4.936.4%
      Pizza $11.06$12.098.5%
      Beer $11.34$10.418.9%

      Health Care

      Item Idaho Springs National avg. Difference
      Optometrist $110.45$125.6812.1%
      Doctor $188.89$135.7839.1%
      Dentist $107.78$113.294.9%
      Ibuprofen $10.80$10.651.4%
      Lipitor $477.35$468.601.9%

      Housing

      Item Idaho Springs National avg. Difference
      Home Price $289,100.00$184,700.0056.5%
      Avg. Mortgage Payment $2,542.08$2,346.698.3%
      Apartment Rent $975.00$949.002.7%

      Transportation

      Item Idaho Springs National avg. Difference
      Gasoline $3.58$3.463.4%
      Tire Balancing $73.58$59.9222.8%

      Utilities

      Item Idaho Springs National avg. Difference
      All Electricity $161.00$193.9917.0%
      Phone $195.56$192.251.7%
      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 Population Cost of Living Index National Avg.
      St. Mary's, CO4161000.1%
      Eldora, CO3521000.1%
      Eldorado Springs, CO3251000.1%
      Aetna Estates, CO1,2319010.1%
      Coal Creek town, CO308990.5%
      Idaho Springs, CO1,84811212.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Elk Creek, KY1,84811110.9%
      Lake City, TN1,8487524.9%
      Mashteuiatsh, QC1,848n/a 
      Mayer, AZ1,847928.2%
      Seeley, CA1,8471066.0%
      Idaho Springs, CO1,84811212.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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