Cost of living in Salida 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 Salida 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 Salida is 106, with 100 being the average.
The cost of living index in Salida is 1.1x higher than the national average.
Salida ranks as the #44 cheapest in Colorado out of 111.
Salida ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Salida is $377,500.
The median income in Salida is $62,668.
According to the most recent data on the cost of living, Salida has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Colorado, Salida has a cost of living index that's 1.0x higher than Colorado's index of 104.
The standard of living in Salida ranks as #44 most affordable out of the 111 places we measured in Colorado. By definition, that implies Salida ranks as the #67 most expensive place in the Centennial State.
For more reading on life in Salida, check out:
Six factors go into calculating the cost of living index in Salida. Here is how it fairs on each of the criteria:
The Services index in Salida is 101.
The Groceries index in Salida is 99.
The Health index in Salida is 106.
The Housing index in Salida is 123.
The Transportation index in Salida is 108.
The Utilities index in Salida is 100.
Living Expense | Salida | Colorado | National Average | |
---|---|---|---|---|
Overall | 106 | 104 | 100 | |
Services | 101 | 102 | 100 | |
Groceries | 99 | 99 | 100 | |
Health | 106 | 100 | 100 | |
Housing | 123 | 116 | 100 | |
Transportation | 108 | 104 | 100 | |
Utilities | 100 | 90 | 100 |
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 Salida is $377,500.
The Median Rent in Salida is $1,251.
The Median Income in Salida is $62,668.
The Home Value To Income in Salida is 6.0x.
The Rent To Monthly Income in Salida is 0.24x.
Statistic | Salida | Colorado | United States |
---|---|---|---|
Median Home Value | $377,500 | $397,500 | $244,900 |
Median Rent | $1,251 | $1,437 | $1,163 |
Median Income | $62,668 | $80,184 | $69,021 |
Home Value To Income | 6.0x | 5.0x | 3.5x |
Rent To Monthly Income | 0.24x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Salida. Here's a quick look at the cost of living in the most populous nearby places:
Gunnison, CO has a cost of living index of 103, 1.0x Salida.
City | Population | Cost Of Living | Vs. Salida |
---|---|---|---|
Gunnison, CO | 6,459 | 103 | 1.0x |