Broomfield, CO Cost Of Living
Cost Of Living In Broomfield, CO Summary
Cost of living in Broomfield 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 Broomfield 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 Broomfield is 138, with 100 being the average.
The cost of living index in Broomfield is 1.4x higher than the national average.
Broomfield ranks as the #81 cheapest in Colorado out of 113.
Broomfield ranks as the #5,329 cheapest out of 6,489 in the US.
The median home value in Broomfield is $626,095.
The median income in Broomfield is $121,025.
Table Of Contents
Broomfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Broomfield, CO?
According to the most recent data on the cost of living, Broomfield has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.
Compared to Colorado, Broomfield has a cost of living index that's 1.2x higher than Colorado's index of 111.
The standard of living in Broomfield ranks as #81 most affordable out of the 113 places we measured in Colorado. By definition, that implies Broomfield ranks as the #32 most expensive place in the Centennial State.
For more reading on life in Broomfield, check out:
In Colorado
In America
Broomfield Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Broomfield. Here is how it fairs on each of the criteria:
The Services index in Broomfield is 105.
The Groceries index in Broomfield is 97.
The Health index in Broomfield is 90.
The Housing index in Broomfield is 226.
The Transportation index in Broomfield is 110.
The Utilities index in Broomfield is 88.
| Living Expense | Broomfield | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 138 | 111 | 100 | |
| Services | 105 | 102 | 100 | |
| Groceries | 97 | 103 | 100 | |
| Health | 90 | 101 | 100 | |
| Housing | 226 | 134 | 100 | |
| Transportation | 110 | 107 | 100 | |
| Utilities | 88 | 89 | 100 | |
Broomfield, 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 2019-2023. The key points are:
The Median Home Value in Broomfield is $626,095.
The Median Rent in Broomfield is $2,074.
The Median Income in Broomfield is $121,025.
The Home Value To Income in Broomfield is 5.2x.
The Rent To Monthly Income in Broomfield is 0.21x.
| Statistic | Broomfield | Colorado | United States |
|---|---|---|---|
| Median Home Value | $626,095 | $540,183 | $303,400 |
| Median Rent | $2,074 | $1,693 | $1,348 |
| Median Income | $121,025 | $92,470 | $78,538 |
| Home Value To Income | 5.2x | 5.8x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Broomfield, CO Costs By Category
Detailed Broomfield Services Costs Vs. Colorado
| Item | Broomfield | Colorado |
|---|---|---|
| Shampoo | $1.19 | $1.28 |
| Movie | $11.09 | $12.13 |
| Bowling | $22.22 | $18 |
| Haircut | $25.33 | $24.26 |
| Beauty Salon | $45.45 | $45.56 |
Detailed Broomfield Groceries Costs Vs. Colorado
| Item | Broomfield | Colorado |
|---|---|---|
| Ground Beef | $5.56 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.89 | $4.67 |
| Potatoes | $4.62 | $4.93 |
| Pizza | $11.06 | $12.09 |
| Beer | $11.34 | $10.41 |
| Toothpaste | $4.12 | $3.7 |
Detailed Broomfield Health Costs Vs. Colorado
| Item | Broomfield | Colorado |
|---|---|---|
| Optometrist | $110.45 | $125.68 |
| Doctor | $188.89 | $135.78 |
| Dentist | $107.78 | $113.29 |
Detailed Broomfield Transportation Costs Vs. Colorado
| Item | Broomfield | Colorado |
|---|---|---|
| Gasoline | $3.58 | $3.46 |
| Tire Balancing | $73.58 | $59.92 |
Detailed Broomfield Utilities Costs Vs. Colorado
| Item | Broomfield | Colorado |
|---|---|---|
| All Electricity | $161.0 | $193.99 |
| Phone | $195.56 | $192.25 |
Broomfield SnackAbility
/10
Cost Of Living In Cities Around Broomfield
The cost of living varies in the cities and towns around Broomfield. 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, 1.0x Broomfield.
Thornton, CO has a cost of living index of 126, 0.9x Broomfield.
Westminster, CO has a cost of living index of 127, 0.9x Broomfield.
| City | Population | Cost Of Living | Vs. Broomfield |
|---|---|---|---|
| Denver, CO | 713,734 | 134 | 1.0x |
| Thornton, CO | 142,878 | 126 | 0.9x |
| Westminster, CO | 115,546 | 127 | 0.9x |
| Brighton, CO | 41,196 | 121 | 0.9x |
| Northglenn, CO | 37,953 | 120 | 0.9x |
| Wheat Ridge, CO | 32,158 | 130 | 0.9x |
| Erie, CO | 31,927 | 150 | 1.1x |
| Lafayette, CO | 30,471 | 137 | 1.0x |
| Louisville, CO | 20,788 | 158 | 1.1x |
| Sherrelwood, CO | 19,368 | 117 | 0.8x |
