Cost Of Living in Dove Valley, 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	Dove Valley	Colorado	National
Cost of living	122	111	100
Goods & Services	106	104	100
Groceries	105	101	100
Health care	99	100	100
Housing	167	134	100
Transportation	104	105	100
Utilities	85	91	100

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Cost Of Living Quick Facts

The cost of living in Dove Valley is 9% higher than the Colorado average
The cost of living in Dove Valley is 22% higher than the national average
Dove Valley housing is 67% 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	$86,912	$7,243	$2,028	$2,608
Renters	$60,929	$5,077	$1,422	$1,828

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Dove Valley, CO, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Dove Valley homeowners, is $86,912. This would allow for a maximum of $2,028 per month to be spent on housing costs. For renters, the median monthly income is $60,929 which would result in a maximum of $1,422 to be spent on rental costs.

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	Dove Valley	National avg.	Difference
Haircut	$26.81	$24.26	10.5%
Beauty Salon	$50.45	$45.56	10.7%
Toothpaste	$3.70	$3.70	0.1%
Shampoo	$1.27	$1.28	1.1%
Movie	$14.70	$12.13	21.1%
Bowling	$21.40	$18.00	18.9%

Groceries

Item	Dove Valley	National avg.	Difference
Ground Beef	$5.23	$5.84	10.4%
Fried Chicken	$1.40	$1.57	11.2%
Milk	$4.74	$4.67	1.4%
Potatoes	$4.30	$4.93	12.9%
Pizza	$12.87	$12.09	6.5%
Beer	$10.67	$10.41	2.5%

Health Care

Item	Dove Valley	National avg.	Difference
Optometrist	$121.38	$125.68	3.4%
Doctor	$116.64	$135.78	14.1%
Dentist	$126.27	$113.29	11.5%
Ibuprofen	$10.88	$10.65	2.1%
Lipitor	$447.94	$468.60	4.4%

Housing

Item	Dove Valley	National avg.	Difference
Home Price	$322,000.00	$184,700.00	74.3%
Avg. Mortgage Payment	$3,151.90	$2,346.69	34.3%
Apartment Rent	$1,411.00	$949.00	48.7%

Transportation

Item	Dove Valley	National avg.	Difference
Gasoline	$3.67	$3.46	5.9%
Tire Balancing	$60.05	$59.92	0.2%

Utilities

Item	Dove Valley	National avg.	Difference
All Electricity	$145.02	$193.99	25.2%
Phone	$194.36	$192.25	1.1%

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.
Franktown, CO	214	102	2.3%
Glendale CDP, CO	78	102	2.3%
Lakeside, CO	6	85	14.8%
Sheridan, CO	6,072	113	12.9%
Glendale, CO	5,186	114	13.9%
Dove Valley, CO	4,943	122	21.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Raeford, NC	4,943	90	10.0%
Sparta, TN	4,942	87	12.9%
Norway House 17, MB	4,944	n/a
Coal City, IL	4,941	102	2.4%
Jackson, LA	4,941	85	15.0%
Dove Valley, CO	4,943	122	21.6%

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 Dove Valley, CO