Cost Of Living in Silverton, 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	Silverton	Colorado	National
Cost of living	118	111	100
Goods & Services	99	104	100
Groceries	104	101	100
Health care	109	100	100
Housing	159	134	100
Transportation	109	105	100
Utilities	90	91	100

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Cost Of Living Quick Facts

The cost of living in Silverton is 6% higher than the Colorado average
The cost of living in Silverton is 18% higher than the national average
Silverton housing is 59% 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	$76,607	$6,384	$1,787	$2,298
Renters	$41,705	$3,475	$973	$1,251

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	Silverton	National avg.	Difference
Haircut	$27.07	$24.26	11.6%
Beauty Salon	$38.50	$45.56	15.5%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.11	$1.28	13.1%
Movie	$10.84	$12.13	10.6%
Bowling	$13.55	$18.00	24.7%

Groceries

Item	Silverton	National avg.	Difference
Ground Beef	$5.27	$5.84	9.7%
Fried Chicken	$1.39	$1.57	11.9%
Milk	$4.60	$4.67	1.5%
Potatoes	$4.16	$4.93	15.8%
Pizza	$12.49	$12.09	3.3%
Beer	$10.74	$10.41	3.2%

Health Care

Item	Silverton	National avg.	Difference
Optometrist	$108.15	$125.68	13.9%
Doctor	$121.76	$135.78	10.3%
Dentist	$124.32	$113.29	9.7%
Ibuprofen	$10.46	$10.65	1.8%
Lipitor	$505.02	$468.60	7.8%

Housing

Item	Silverton	National avg.	Difference
Home Price	$333,800.00	$184,700.00	80.7%
Avg. Mortgage Payment	$2,179.59	$2,346.69	7.1%
Apartment Rent	$1,038.00	$949.00	9.4%

Transportation

Item	Silverton	National avg.	Difference
Gasoline	$3.55	$3.46	2.6%
Tire Balancing	$56.90	$59.92	5.0%

Utilities

Item	Silverton	National avg.	Difference
All Electricity	$173.81	$193.99	10.4%
Phone	$193.95	$192.25	0.9%

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.
Ouray, CO	1,046	131	31.4%
Telluride, CO	2,059	132	31.5%
Ophir, CO	218	149	49.1%
Mountain Village, CO	1,776	174	73.6%
Silverton, CO	612	118	18.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Wilsonville, IL	612	81	19.4%
Glen Elder, KS	612	78	21.8%
Leeton, MO	612	82	18.1%
Carlton, MT	612	120	19.6%
Coyle, OK	612	76	24.1%
Silverton, CO	612	118	18.2%

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 Silverton, CO