Erie, CO Cost Of Living
Cost Of Living In Erie, CO Summary
Cost of living in Erie 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 Erie 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 Erie is 127, with 100 being the average.
The cost of living index in Erie is 1.3x higher than the national average.
Erie ranks as the #85 cheapest in Colorado out of 111.
Erie ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Erie is $565,500.
The median income in Erie is $140,409.
Table Of Contents
Erie's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Erie, CO?
According to the most recent data on the cost of living, Erie has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Colorado, Erie has a cost of living index that's 1.2x higher than Colorado's index of 104.
The standard of living in Erie ranks as #85 most affordable out of the 111 places we measured in Colorado. By definition, that implies Erie ranks as the #26 most expensive place in the Centennial State.
For more reading on life in Erie, check out:
- Living In Erie
- Erie Crime Report
- Search Homes For Sale In Erie, CO
In Colorado
In America
Erie Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Erie. Here is how it fairs on each of the criteria:
The Services index in Erie is 102.
The Groceries index in Erie is 88.
The Health index in Erie is 99.
The Housing index in Erie is 192.
The Transportation index in Erie is 105.
The Utilities index in Erie is 81.
| Living Expense | Erie | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 127 | 104 | 100 | |
| Services | 102 | 102 | 100 | |
| Groceries | 88 | 99 | 100 | |
| Health | 99 | 100 | 100 | |
| Housing | 192 | 116 | 100 | |
| Transportation | 105 | 104 | 100 | |
| Utilities | 81 | 90 | 100 | |
Erie, 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 Erie is $565,500.
The Median Rent in Erie is $2,564.
The Median Income in Erie is $140,409.
The Home Value To Income in Erie is 4.0x.
The Rent To Monthly Income in Erie is 0.22x.
| Statistic | Erie | Colorado | United States |
|---|---|---|---|
| Median Home Value | $565,500 | $397,500 | $244,900 |
| Median Rent | $2,564 | $1,437 | $1,163 |
| Median Income | $140,409 | $80,184 | $69,021 |
| Home Value To Income | 4.0x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Erie, CO Costs By Category
Detailed Erie Services Costs Vs. Colorado
Detailed Erie Groceries Costs Vs. Colorado
Detailed Erie Health Costs Vs. Colorado
Detailed Erie Transportation Costs Vs. Colorado
Detailed Erie Utilities Costs Vs. Colorado
Erie SnackAbility
/10
Cost Of Living In Cities Around Erie
The cost of living varies in the cities and towns around Erie. Here's a quick look at the cost of living in the most populous nearby places:
Broomfield, CO has a cost of living index of 120, 0.9x Erie.
Brighton, CO has a cost of living index of 103, 0.8x Erie.
Northglenn, CO has a cost of living index of 103, 0.8x Erie.
| City | Population | Cost Of Living | Vs. Erie |
|---|---|---|---|
| Broomfield, CO | 72,697 | 120 | 0.9x |
| Brighton, CO | 39,895 | 103 | 0.8x |
| Northglenn, CO | 37,899 | 103 | 0.8x |
| Wheat Ridge, CO | 32,340 | 110 | 0.9x |
| Lafayette, CO | 30,307 | 118 | 0.9x |
| Louisville, CO | 21,091 | 132 | 1.0x |
| Sherrelwood, CO | 20,069 | 98 | 0.8x |
| Welby, CO | 16,260 | 97 | 0.8x |
| Firestone, CO | 15,949 | 111 | 0.9x |
| Frederick, CO | 14,127 | 110 | 0.9x |
