Cost of living in Vail 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 Vail 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 Vail is 150, with 100 being the average.
The cost of living index in Vail is 1.5x higher than the national average.
Vail ranks as the #109 cheapest in Colorado out of 111.
Vail ranks as the #5,843 cheapest out of 6,412 in the US.
The median home value in Vail is $729,000.
The median income in Vail is $100,417.
According to the most recent data on the cost of living, Vail has an overall cost of living index of 150, which is 1.5x higher than the national index of 100.
Compared to Colorado, Vail has a cost of living index that's 1.4x higher than Colorado's index of 104.
The standard of living in Vail ranks as #109 most affordable out of the 111 places we measured in Colorado. By definition, that implies Vail ranks as the #2 most expensive place in the Centennial State.
For more reading on life in Vail, check out:
Six factors go into calculating the cost of living index in Vail. Here is how it fairs on each of the criteria:
The Services index in Vail is 108.
The Groceries index in Vail is 104.
The Health index in Vail is 112.
The Housing index in Vail is 256.
The Transportation index in Vail is 104.
The Utilities index in Vail is 82.
Living Expense | Vail | Colorado | National Average | |
---|---|---|---|---|
Overall | 150 | 104 | 100 | |
Services | 108 | 102 | 100 | |
Groceries | 104 | 99 | 100 | |
Health | 112 | 100 | 100 | |
Housing | 256 | 116 | 100 | |
Transportation | 104 | 104 | 100 | |
Utilities | 82 | 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 Vail is $729,000.
The Median Rent in Vail is $1,514.
The Median Income in Vail is $100,417.
The Home Value To Income in Vail is 7.3x.
The Rent To Monthly Income in Vail is 0.18x.
Statistic | Vail | Colorado | United States |
---|---|---|---|
Median Home Value | $729,000 | $397,500 | $244,900 |
Median Rent | $1,514 | $1,437 | $1,163 |
Median Income | $100,417 | $80,184 | $69,021 |
Home Value To Income | 7.3x | 5.0x | 3.5x |
Rent To Monthly Income | 0.18x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Vail. Here's a quick look at the cost of living in the most populous nearby places:
Central, LA has a cost of living index of 96, 0.6x Vail.
Edwards, CO has a cost of living index of 149, 1.0x Vail.
Gypsum, CO has a cost of living index of 116, 0.8x Vail.
City | Population | Cost Of Living | Vs. Vail |
---|---|---|---|
Central, LA | 29,746 | 96 | 0.6x |
Edwards, CO | 10,436 | 149 | 1.0x |
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 |