What is the cost of living increase in Colorado in 2021?

Area prices have risen 2.1 percent over the past two months, up 3.2 percent from a year ago. Prices in the Denver-Aurora-Lakewood area, as measured by the consumer price index for all urban consumers (CPI-U), rose 2.1 percent for the two months ending in May 2021, the US Bureau of Labor Statistics reported today.

How much has the cost of living increased in Denver?

Has the cost of living in Denver, CO increased in 2021? Prices in the Denver, CO area were up 0.4% from a year ago. The biggest increases were found in transport, food and housing.

Why is the cost of living higher in Colorado?

Housing costs in Colorado: $1,306-$2,212. Housing costs are the biggest main factor as to why the cost of living in Colorado is so high. How much do houses cost in Colorado? According to Zillow, the average home price in Colorado is $467,818, and with the spring and summer season, home prices rise again.

What is a good salary for Denver?

The average annual salary in Denver for 2019 is around $60,000 per year, give or take. That's about $13,200 more than the national average. Most would say that's a pretty good number, but the catch is that the cost of living in Denver is about 12 percent higher than the rest of the country.

What is the cost of living in Denver Colorado?

Denver, Colorado's cost of living is 12% higher 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 estate market in that area.

How much does it cost to live in Colorado Springs?

Aside from Denver, Colorado Springs is one of the fastest growing cities in the state. It is much more affordable than Denver while still providing many of the great amenities the state has to offer. Zillow states that the average price for a home in Colorado Springs is $348,477.

In Colorado, renting a home can actually be more economical than buying. Renting generally has fewer upfront costs, and items like maintenance and utilities are generally included, eliminating liability and expenses, potentially giving you more disposable income and a lower cost of living. ( 2021-05-27 salary.com )

How many people live in the state of Colorado?

In fact, according to the US Census, the state has grown by nearly 80,000 people since mid-2017, making the growth rate the 7th in the nation. But what is the cost of living in Colorado?