Cost Of Living in Elizabeth, 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	Elizabeth	Colorado	National
Cost of living	118	111	100
Goods & Services	106	104	100
Groceries	105	101	100
Health care	99	100	100
Housing	154	134	100
Transportation	104	105	100
Utilities	85	91	100

New Real Estate Listings in Elizabeth Area

For Sale For Rent

Search

Search Homes for Sale in Elizabeth, CO

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Elizabeth is 6% higher than the Colorado average
The cost of living in Elizabeth is 18% higher than the national average
Elizabeth housing is 54% 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

Most Affordable Places to Live in and Around Elizabeth

See all the best places to live around Elizabeth

Compare Elizabeth, CO Cost of Living

Write a review to give others more information about this area.

See all Elizabeth poll results

The best places in Colorado

Here are the best places to live in Colorado

Check out the 10 safest cities in Colorado

Most Dangerous States In The US

Safest States In The US

Salary Calculator

This is how much you would need to earn in

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	$87,383	$7,282	$2,039	$2,622
Renters	$34,286	$2,857	$800	$1,029

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	Elizabeth	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	Elizabeth	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	Elizabeth	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	Elizabeth	National avg.	Difference
Home Price	$321,100.00	$184,700.00	73.8%
Avg. Mortgage Payment	$3,151.90	$2,346.69	34.3%
Apartment Rent	$1,010.00	$949.00	6.4%

Transportation

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

Utilities

Item	Elizabeth	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%
Elbert, CO	220	98	2.3%
Larkspur, CO	244	98	1.8%
Kiowa, CO	663	107	7.4%
Dove Valley, CO	4,943	122	21.6%
Elizabeth, CO	1,754	118	17.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Greenup, IL	1,754	86	13.6%
Zilwaukee, MI	1,754	88	11.6%
Altamont, NY	1,754	108	8.1%
East Washington, PA	1,754	104	4.4%
Kaibito, AZ	1,755	87	12.9%
Elizabeth, CO	1,754	118	17.7%

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 Elizabeth, CO