Edwards, CO Cost Of Living
Cost Of Living In Edwards, CO Summary
Cost of living in Edwards 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 Edwards 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 Edwards is 149, with 100 being the average.
The cost of living index in Edwards is 1.5x higher than the national average.
Edwards ranks as the #108 cheapest in Colorado out of 111.
Edwards ranks as the #5,822 cheapest out of 6,412 in the US.
The median home value in Edwards is $747,000.
The median income in Edwards is $80,035.
Table Of Contents
Edwards's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Edwards, CO?
According to the most recent data on the cost of living, Edwards has an overall cost of living index of 149, which is 1.5x higher than the national index of 100.
Compared to Colorado, Edwards has a cost of living index that's 1.4x higher than Colorado's index of 104.
The standard of living in Edwards ranks as #108 most affordable out of the 111 places we measured in Colorado. By definition, that implies Edwards ranks as the #3 most expensive place in the Centennial State.
For more reading on life in Edwards, check out:
- Living In Edwards
- Search Homes For Sale In Edwards, CO
In Colorado
In America
Edwards Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Edwards. Here is how it fairs on each of the criteria:
The Services index in Edwards is 110.
The Groceries index in Edwards is 104.
The Health index in Edwards is 115.
The Housing index in Edwards is 251.
The Transportation index in Edwards is 107.
The Utilities index in Edwards is 84.
| Living Expense | Edwards | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 149 | 104 | 100 | |
| Services | 110 | 102 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 115 | 100 | 100 | |
| Housing | 251 | 116 | 100 | |
| Transportation | 107 | 104 | 100 | |
| Utilities | 84 | 90 | 100 | |
Edwards, 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 Edwards is $747,000.
The Median Rent in Edwards is $1,723.
The Median Income in Edwards is $80,035.
The Home Value To Income in Edwards is 9.3x.
The Rent To Monthly Income in Edwards is 0.26x.
| Statistic | Edwards | Colorado | United States |
|---|---|---|---|
| Median Home Value | $747,000 | $397,500 | $244,900 |
| Median Rent | $1,723 | $1,437 | $1,163 |
| Median Income | $80,035 | $80,184 | $69,021 |
| Home Value To Income | 9.3x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Edwards, CO Costs By Category
Detailed Edwards Services Costs Vs. Colorado
Detailed Edwards Groceries Costs Vs. Colorado
Detailed Edwards Health Costs Vs. Colorado
Detailed Edwards Transportation Costs Vs. Colorado
Detailed Edwards Utilities Costs Vs. Colorado
Edwards SnackAbility
/10
Cost Of Living In Cities Around Edwards
The cost of living varies in the cities and towns around Edwards. Here's a quick look at the cost of living in the most populous nearby places:
Glenwood Springs, CO has a cost of living index of 121, 0.8x Edwards.
Gypsum, CO has a cost of living index of 116, 0.8x Edwards.
Eagle, CO has a cost of living index of 134, 0.9x Edwards.
| City | Population | Cost Of Living | Vs. Edwards |
|---|---|---|---|
| Glenwood Springs, CO | 10,017 | 121 | 0.8x |
| Gypsum, CO | 8,047 | 116 | 0.8x |
| Eagle, CO | 7,420 | 134 | 0.9x |
| Aspen, CO | 7,019 | 141 | 0.9x |
| Carbondale, CO | 6,464 | 137 | 0.9x |
| Avon, CO | 6,209 | 128 | 0.9x |
