Cost of living in Applewood 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 Applewood 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 Applewood is 153, with 100 being the average.
The cost of living index in Applewood is 1.5x higher than the national average.
Applewood ranks as the #100 cheapest in Colorado out of 113.
Applewood ranks as the #5,771 cheapest out of 6,489 in the US.
The median home value in Applewood is $780,157.
The median income in Applewood is $128,988.
According to the most recent data on the cost of living, Applewood has an overall cost of living index of 153, which is 1.5x higher than the national index of 100.
Compared to Colorado, Applewood has a cost of living index that's 1.4x higher than Colorado's index of 111.
The standard of living in Applewood ranks as #100 most affordable out of the 113 places we measured in Colorado. By definition, that implies Applewood ranks as the #13 most expensive place in the Centennial State.
For more reading on life in Applewood, check out:
Six factors go into calculating the cost of living index in Applewood. Here is how it fairs on each of the criteria:
The Services index in Applewood is 104.
The Groceries index in Applewood is 104.
The Health index in Applewood is 98.
The Housing index in Applewood is 267.
The Transportation index in Applewood is 102.
The Utilities index in Applewood is 87.
| Living Expense | Applewood | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 153 | 111 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 104 | 103 | 100 | |
| Health | 98 | 101 | 100 | |
| Housing | 267 | 134 | 100 | |
| Transportation | 102 | 107 | 100 | |
| Utilities | 87 | 89 | 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 2019-2023. The key points are:
The Median Home Value in Applewood is $780,157.
The Median Rent in Applewood is $2,142.
The Median Income in Applewood is $128,988.
The Home Value To Income in Applewood is 6.0x.
The Rent To Monthly Income in Applewood is 0.2x.
The cost of living varies in the cities and towns around Applewood. 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 134, 0.9x Applewood.
Lakewood, CO has a cost of living index of 130, 0.8x Applewood.
Arvada, CO has a cost of living index of 133, 0.9x Applewood.
| City | Population | Cost Of Living | Vs. Applewood |
|---|---|---|---|
| Denver, CO | 713,734 | 134 | 0.9x |
| Lakewood, CO | 156,309 | 130 | 0.8x |
| Arvada, CO | 122,835 | 133 | 0.9x |
| Englewood, CO | 33,774 | 127 | 0.8x |
| Wheat Ridge, CO | 32,158 | 130 | 0.8x |
| Central, LA | 29,603 | 106 | 0.7x |
| Golden, CO | 20,467 | 144 | 0.9x |
| Sherrelwood, CO | 19,368 | 117 | 0.8x |
| Welby, CO | 16,232 | 110 | 0.7x |
| Federal Heights, CO | 14,160 | 93 | 0.6x |