A
11%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
38%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Greeley Colorado National
Cost of living111111100
Goods & Services104104100
Groceries96101100
Health care89100100
Housing138134100
Transportation109105100
Utilities8891100

An Overview of Cost of Living in Greeley, CO

Understanding the cost of living in Greeley can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Greeley cost of living index is 111, which is 11% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Housing costs are a major factor in the Greeley cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 37.8% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

What Do Locals Say About the Cost of Living in Greeley?

Nobody knows their city better than the people who actually live there. So, we asked 27 local residents how they would rate the cost of living in Greeley and this is how they responded. 44% of people said that the cost of living was affordable, with prices decreasing, while 56% of people said that the cost of living was very expensive and prices continue to rise.

Is Greeley Affordable?

Is Greeley affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Greeley, for instance, where the median home price falls 48.8% higher than the national average, and monthly rent rates are 12% higher than usual. Additionally, median income levels contribute to the equation, with Greeley flaunting a median household income of $57,537, 4% higher than the national norm.

What Factors can Influence the Cost of Living in Greeley?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Greeley, the transportation index is 8.5% higher than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Greeley, the groceries index registers 4.1% lower than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Greeley, healthcare costs are 11.1% lower than the national average.

Where is the Data From?

The cost of living data in Greeley displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Greeley is equal to the Colorado average
  • The cost of living in Greeley is 11% higher than the national average
  • Greeley housing is 38% 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 Greeley

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Compare Greeley, CO Cost of Living

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      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$77,601$6,467$1,811$2,328
      Renters$37,565$3,130$876$1,127
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Greeley, 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 Greeley homeowners, is $77,601. This would allow for a maximum of $1,811 per month to be spent on housing costs. For renters, the median monthly income is $37,565 which would result in a maximum of $876 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 Greeley National avg. Difference
      Haircut $25.33$24.264.4%
      Beauty Salon $45.45$45.560.3%
      Toothpaste $4.12$3.7011.4%
      Shampoo $1.19$1.286.8%
      Movie $11.09$12.138.6%
      Bowling $22.22$18.0023.5%

      Groceries

      Item Greeley National avg. Difference
      Ground Beef $5.56$5.844.8%
      Fried Chicken $1.43$1.578.9%
      Milk $4.89$4.674.7%
      Potatoes $4.62$4.936.4%
      Pizza $11.06$12.098.5%
      Beer $11.34$10.418.9%

      Health Care

      Item Greeley National avg. Difference
      Optometrist $110.45$125.6812.1%
      Doctor $188.89$135.7839.1%
      Dentist $107.78$113.294.9%
      Ibuprofen $10.80$10.651.4%
      Lipitor $477.35$468.601.9%

      Housing

      Item Greeley National avg. Difference
      Home Price $274,800.00$184,700.0048.8%
      Avg. Mortgage Payment $2,542.08$2,346.698.3%
      Apartment Rent $1,063.00$949.0012.0%

      Transportation

      Item Greeley National avg. Difference
      Gasoline $3.58$3.463.4%
      Tire Balancing $73.58$59.9222.8%

      Utilities

      Item Greeley National avg. Difference
      All Electricity $161.00$193.9917.0%
      Phone $195.56$192.251.7%
      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.
      Garden City, CO208946.5%
      Gilcrest, CO1,3811066.2%
      Ault, CO2,1531055.4%
      Evans, CO22,1281099.0%
      La Salle, CO3,3771099.1%
      Greeley, CO107,44511111.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Daly City, CA107,197205105.3%
      Lewisville, TX107,74011615.8%
      Meridian, ID107,78711818.2%
      Waterbury, CT107,8411011.1%
      Highlands Ranch, CO107,01714646.5%
      Greeley, CO107,44511111.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.