Cost Of Living in Woodland Park, 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	Woodland Park	Colorado	National
Cost of living	125	111	100
Goods & Services	111	104	100
Groceries	104	101	100
Health care	105	100	100
Housing	170	134	100
Transportation	104	105	100
Utilities	99	91	100

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Cost Of Living Quick Facts

The cost of living in Woodland Park is 13% higher than the Colorado average
The cost of living in Woodland Park is 25% higher than the national average
Woodland Park housing is 70% 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	$87,011	$7,251	$2,030	$2,611
Renters	$40,363	$3,364	$942	$1,211

A good way to judge both the affordability of the housing and the cost of living in Woodland Park 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. Woodland Park has a median income of about $87,011 for people who own homes. Based on that number, a maximum of $2,030 should be spent on expenses related to housing. Renters have a slightly different median income, which is $40,363. Based on this average, renters should spend no more than $942 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	Woodland Park	National avg.	Difference
Haircut	$33.33	$24.26	37.4%
Beauty Salon	$47.14	$45.56	3.5%
Toothpaste	$3.61	$3.70	2.4%
Shampoo	$1.29	$1.28	0.7%
Movie	$11.74	$12.13	3.2%
Bowling	$18.60	$18.00	3.3%

Groceries

Item	Woodland Park	National avg.	Difference
Ground Beef	$5.52	$5.84	5.5%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.69	$4.67	0.4%
Potatoes	$4.14	$4.93	16.0%
Pizza	$12.36	$12.09	2.2%
Beer	$10.75	$10.41	3.3%

Health Care

Item	Woodland Park	National avg.	Difference
Optometrist	$115.89	$125.68	7.8%
Doctor	$148.28	$135.78	9.2%
Dentist	$118.46	$113.29	4.6%
Ibuprofen	$10.72	$10.65	0.6%
Lipitor	$514.89	$468.60	9.9%

Housing

Item	Woodland Park	National avg.	Difference
Home Price	$343,200.00	$184,700.00	85.8%
Avg. Mortgage Payment	$2,599.40	$2,346.69	10.8%
Apartment Rent	$1,261.00	$949.00	32.9%

Transportation

Item	Woodland Park	National avg.	Difference
Gasoline	$3.64	$3.46	5.3%
Tire Balancing	$60.47	$59.92	0.9%

Utilities

Item	Woodland Park	National avg.	Difference
All Electricity	$191.51	$193.99	1.3%
Phone	$189.92	$192.25	1.2%

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.
Divide, CO	127	106	6.4%
Florissant, CO	172	101	1.1%
Midland, CO	269	107	7.5%
Colorado Springs, CO	471,686	119	19.3%
Green Mountain Falls, CO	685	120	19.5%
Woodland Park, CO	7,943	125	25.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Gilberts, IL	7,941	116	15.8%
Vandenberg Village, CA	7,945	144	43.6%
Shorewood, MN	7,939	142	41.8%
Southwest Ranches, FL	7,947	170	70.3%
Travelers Rest, SC	7,947	100	0.3%
Woodland Park, CO	7,943	125	25.4%

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 Woodland Park, CO