Cost Of Living in Shaw Heights, CO

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	Shaw Heights	Colorado	National
Cost of living	121	111	100
Goods & Services	104	104	100
Groceries	96	101	100
Health care	89	100	100
Housing	171	134	100
Transportation	109	105	100
Utilities	88	91	100

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Cost Of Living Quick Facts

The cost of living in Shaw Heights is 9% higher than the Colorado average
The cost of living in Shaw Heights is 21% higher than the national average
Shaw Heights housing is 71% 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

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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	$77,574	$6,465	$1,810	$2,327
Renters	$73,068	$6,089	$1,705	$2,192

A good way to judge both the affordability of the housing and the cost of living in Shaw Heights is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Shaw Heights has a median income of about $77,574 for people who own homes. Based on that number, a maximum of $1,810 should be spent on expenses related to housing. Renters have a slightly different median income, which is $73,068. Based on this average, renters should spend no more than $1,705 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Shaw Heights	National avg.	Difference
Haircut	$25.33	$24.26	4.4%
Beauty Salon	$45.45	$45.56	0.3%
Toothpaste	$4.12	$3.70	11.4%
Shampoo	$1.19	$1.28	6.8%
Movie	$11.09	$12.13	8.6%
Bowling	$22.22	$18.00	23.5%

Groceries

Item	Shaw Heights	National avg.	Difference
Ground Beef	$5.56	$5.84	4.8%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.89	$4.67	4.7%
Potatoes	$4.62	$4.93	6.4%
Pizza	$11.06	$12.09	8.5%
Beer	$11.34	$10.41	8.9%

Health Care

Item	Shaw Heights	National avg.	Difference
Optometrist	$110.45	$125.68	12.1%
Doctor	$188.89	$135.78	39.1%
Dentist	$107.78	$113.29	4.9%
Ibuprofen	$10.80	$10.65	1.4%
Lipitor	$477.35	$468.60	1.9%

Housing

Item	Shaw Heights	National avg.	Difference
Home Price	$326,900.00	$184,700.00	77.0%
Avg. Mortgage Payment	$2,542.08	$2,346.69	8.3%
Apartment Rent	$1,497.00	$949.00	57.7%

Transportation

Item	Shaw Heights	National avg.	Difference
Gasoline	$3.58	$3.46	3.4%
Tire Balancing	$73.58	$59.92	22.8%

Utilities

Item	Shaw Heights	National avg.	Difference
All Electricity	$161.00	$193.99	17.0%
Phone	$195.56	$192.25	1.7%

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.
Glendale CDP, CO	78	102	2.3%
Leyner, CO	0	100	0.1%
Eldorado Springs, CO	325	100	0.1%
Lakeside, CO	6	85	14.8%
Federal Heights, CO	13,537	91	9.4%
Shaw Heights, CO	5,987	121	21.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Union, KY	5,988	120	19.8%
Charles Town, WV	5,985	113	13.1%
Pontiac, QC	5,989	n/a
Maquoketa, IA	5,990	84	16.3%
Kodiak, AK	5,983	124	23.7%
Shaw Heights, CO	5,987	121	21.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Shaw Heights, CO