A-
6%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
24%
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 Pueblo West Colorado National
Cost of living106111100
Goods & Services100104100
Groceries98101100
Health care100100100
Housing124134100
Transportation100105100
Utilities9491100

An Overview of Cost of Living in Pueblo West, CO

Knowing the cost of living in Pueblo West allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Pueblo West stands at 106, marking it 6% higher than the national average.

In Pueblo West, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Pueblo West will resemble that of an average city, contributing to a manageable cost of living.

Housing costs make up a big chunk of the cost of living in Pueblo West, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 24.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Pueblo West Affordable?

Is Pueblo West 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 Pueblo West, for instance, where the median home price falls 28% higher than the national average, and monthly rent rates are 15.3% higher than usual. Additionally, median income levels contribute to the equation, with Pueblo West flaunting a median household income of $73,608, 33.1% higher than the national norm.

What Factors can Influence the Cost of Living in Pueblo West?

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Pueblo West, the housing index stands at 24.2% higher than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Pueblo West, the groceries index is 2.2% lower than the national average.

Where is the Data From?

The Pueblo West cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Pueblo West is 4% lower than the Colorado average
  • The cost of living in Pueblo West is 6% higher than the national average
  • Pueblo West housing is 24% 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 Pueblo West

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Compare Pueblo West, 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$79,946$6,662$1,865$2,399
      Renters$47,917$3,993$1,118$1,438
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Pueblo West, 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 Pueblo West homeowners, is $79,946. This would allow for a maximum of $1,865 per month to be spent on housing costs. For renters, the median monthly income is $47,917 which would result in a maximum of $1,118 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 Pueblo West National avg. Difference
      Haircut $23.33$24.263.8%
      Beauty Salon $45.83$45.560.6%
      Toothpaste $3.47$3.706.2%
      Shampoo $1.22$1.284.9%
      Movie $18.99$12.1356.5%
      Bowling $29.17$18.0062.0%

      Groceries

      Item Pueblo West National avg. Difference
      Ground Beef $5.63$5.843.5%
      Fried Chicken $1.38$1.5712.6%
      Milk $4.69$4.670.4%
      Potatoes $3.88$4.9321.3%
      Pizza $12.82$12.096.1%
      Beer $10.59$10.411.7%

      Health Care

      Item Pueblo West National avg. Difference
      Optometrist $82.33$125.6834.5%
      Doctor $99.00$135.7827.1%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.75$10.650.9%
      Lipitor $538.16$468.6014.8%

      Housing

      Item Pueblo West National avg. Difference
      Home Price $236,400.00$184,700.0028.0%
      Avg. Mortgage Payment $2,880.89$2,346.6922.8%
      Apartment Rent $1,094.00$949.0015.3%

      Transportation

      Item Pueblo West National avg. Difference
      Gasoline $3.71$3.467.1%
      Tire Balancing $67.11$59.9212.0%

      Utilities

      Item Pueblo West National avg. Difference
      All Electricity $155.08$193.9920.1%
      Phone $194.35$192.251.1%
      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.
      Salt Creek, CO726919.2%
      Pueblo, CO111,776946.1%
      Blende, CO802972.6%
      Penrose, CO3,1851043.8%
      Pueblo West, CO32,8421066.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Salisbury, MD32,8501010.5%
      Lewiston, ID32,8531033.4%
      Val-d'Or, QC32,869n/a 
      Pikesville, MD32,87112423.7%
      Parkland, FL32,87816969.3%
      Pueblo West, CO32,8421066.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.