Centennial, CO Cost Of Living
Cost Of Living In Centennial, CO Summary
Cost of living in Centennial research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Centennial is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Centennial is 126, with 100 being the average.
The cost of living index in Centennial is 1.3x higher than the national average.
Centennial ranks as the #84 cheapest in Colorado out of 111.
Centennial ranks as the #5,091 cheapest out of 6,412 in the US.
The median home value in Centennial is $484,500.
The median income in Centennial is $114,375.
Table Of Contents
Centennial's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Centennial, CO?
According to the most recent data on the cost of living, Centennial has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Colorado, Centennial has a cost of living index that's 1.2x higher than Colorado's index of 104.
The standard of living in Centennial ranks as #84 most affordable out of the 111 places we measured in Colorado. By definition, that implies Centennial ranks as the #27 most expensive place in the Centennial State.
For more reading on life in Centennial, check out:
- Living In Centennial
- Centennial Crime Report
- Search Homes For Sale In Centennial, CO
In Colorado
In America
Centennial Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Centennial. Here is how it fairs on each of the criteria:
The Services index in Centennial is 113.
The Groceries index in Centennial is 96.
The Health index in Centennial is 100.
The Housing index in Centennial is 176.
The Transportation index in Centennial is 114.
The Utilities index in Centennial is 80.
| Living Expense | Centennial | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 126 | 104 | 100 | |
| Services | 113 | 102 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 100 | 100 | 100 | |
| Housing | 176 | 116 | 100 | |
| Transportation | 114 | 104 | 100 | |
| Utilities | 80 | 90 | 100 | |
Centennial, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Centennial is $484,500.
The Median Rent in Centennial is $1,810.
The Median Income in Centennial is $114,375.
The Home Value To Income in Centennial is 4.2x.
The Rent To Monthly Income in Centennial is 0.19x.
| Statistic | Centennial | Colorado | United States |
|---|---|---|---|
| Median Home Value | $484,500 | $397,500 | $244,900 |
| Median Rent | $1,810 | $1,437 | $1,163 |
| Median Income | $114,375 | $80,184 | $69,021 |
| Home Value To Income | 4.2x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Centennial, CO Costs By Category
Detailed Centennial Services Costs Vs. Colorado
| Item | Centennial | Colorado |
|---|---|---|
| Shampoo | $0.98 | $1.06 |
| Movie | $12.9 | $10.68 |
| Bowling | $19.78 | $14.67 |
| Haircut | $21.67 | $18.62 |
| Beauty Salon | $44.29 | $39.05 |
Detailed Centennial Groceries Costs Vs. Colorado
| Item | Centennial | Colorado |
|---|---|---|
| Ground Beef | $4.11 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $1.76 | $2.05 |
| Potatoes | $3.05 | $3.29 |
| Pizza | $12.49 | $10.62 |
| Beer | $8.98 | $9.38 |
| Toothpaste | $1.89 | $2.34 |
Detailed Centennial Health Costs Vs. Colorado
| Item | Centennial | Colorado |
|---|---|---|
| Optometrist | $104.86 | $108.57 |
| Doctor | $111.77 | $116.17 |
| Dentist | $105.51 | $99.13 |
Detailed Centennial Transportation Costs Vs. Colorado
| Item | Centennial | Colorado |
|---|---|---|
| Gasoline | $2.49 | $2.22 |
| Tire Balancing | $57.16 | $50.07 |
Detailed Centennial Utilities Costs Vs. Colorado
| Item | Centennial | Colorado |
|---|---|---|
| All Electricity | $105.51 | $167.67 |
| Phone | $186.48 | $175.64 |
Centennial SnackAbility
/10
Cost Of Living In Cities Around Centennial
The cost of living varies in the cities and towns around Centennial. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 116, 0.9x Centennial.
Aurora, CO has a cost of living index of 108, 0.9x Centennial.
Englewood, CO has a cost of living index of 111, 0.9x Centennial.
| City | Population | Cost Of Living | Vs. Centennial |
|---|---|---|---|
| Denver, CO | 706,799 | 116 | 0.9x |
| Aurora, CO | 383,496 | 108 | 0.9x |
| Englewood, CO | 33,500 | 111 | 0.9x |
| Wheat Ridge, CO | 32,340 | 110 | 0.9x |
| Sherrelwood, CO | 20,069 | 98 | 0.8x |
| Welby, CO | 16,260 | 97 | 0.8x |
| Lone Tree, CO | 13,701 | 145 | 1.2x |
| Cherry Creek, CO | 11,389 | 143 | 1.1x |
| Berkley, CO | 10,920 | 99 | 0.8x |
| Stonegate, CO | 9,822 | 123 | 1.0x |
