Cost Of Living in Niwot, 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	Niwot	Colorado	National
Cost of living	156	111	100
Goods & Services	104	104	100
Groceries	96	101	100
Health care	89	100	100
Housing	286	134	100
Transportation	109	105	100
Utilities	88	91	100

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Cost Of Living Quick Facts

The cost of living in Niwot is 40% higher than the Colorado average
The cost of living in Niwot is 56% higher than the national average
Niwot housing is 186% 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	$129,392	$10,783	$3,019	$3,882
Renters	$0	$0	$0	$0

To approximate the cost of living and the housing affordability in Niwot, CO, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Niwot have a median income of $129,392. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,019 per month to avoid calamity and poverty. The renters in the city have an income of about $0, which would make their monthly maximum allowable rental costs $0.

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	Niwot	National avg.	Difference
Haircut	$25.33	$24.26	4.4%
Beauty Salon	$45.45	$45.56	0.3%
Toothpaste	$4.12	$3.70	11.4%
Shampoo	$1.19	$1.28	6.8%
Movie	$11.09	$12.13	8.6%
Bowling	$22.22	$18.00	23.5%

Groceries

Item	Niwot	National avg.	Difference
Ground Beef	$5.56	$5.84	4.8%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.89	$4.67	4.7%
Potatoes	$4.62	$4.93	6.4%
Pizza	$11.06	$12.09	8.5%
Beer	$11.34	$10.41	8.9%

Health Care

Item	Niwot	National avg.	Difference
Optometrist	$110.45	$125.68	12.1%
Doctor	$188.89	$135.78	39.1%
Dentist	$107.78	$113.29	4.9%
Ibuprofen	$10.80	$10.65	1.4%
Lipitor	$477.35	$468.60	1.9%

Housing

Item	Niwot	National avg.	Difference
Home Price	$663,500.00	$184,700.00	259.2%
Avg. Mortgage Payment	$2,542.08	$2,346.69	8.3%
Apartment Rent	$1,091.00	$949.00	15.0%

Transportation

Item	Niwot	National avg.	Difference
Gasoline	$3.58	$3.46	3.4%
Tire Balancing	$73.58	$59.92	22.8%

Utilities

Item	Niwot	National avg.	Difference
All Electricity	$161.00	$193.99	17.0%
Phone	$195.56	$192.25	1.7%

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.
Eldorado Springs, CO	325	100	0.1%
Leyner, CO	0	100	0.1%
Gold Hill, CO	195	100	0.1%
Crisman, CO	51	100	0.1%
Coal Creek town, CO	308	99	0.5%
Niwot, CO	4,085	156	55.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Reedsport, OR	4,085	92	8.1%
Nokomis, FL	4,084	102	2.1%
Camdenton, MO	4,084	84	15.7%
Rose Hill, KS	4,086	96	4.1%
Central Kootenay F, BC	4,086	n/a
Niwot, CO	4,085	156	55.7%

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 Niwot, CO