Centennial, CO Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Centennial, CO Summary

Cost of living in Centennial 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 Centennial 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 Centennial is 126, with 100 being the average.

  • The cost of living index in Centennial is 1.3x higher than the national average.

  • Centennial ranks as the #84 cheapest in Colorado out of 111.

  • Centennial ranks as the #5,091 cheapest out of 6,412 in the US.

  • The median home value in Centennial is $484,500.

  • The median income in Centennial is $114,375.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
126
Centennial's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Centennial, CO?

According to the most recent data on the cost of living, Centennial has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.

Compared to Colorado, Centennial has a cost of living index that's 1.2x higher than Colorado's index of 104.

The standard of living in Centennial ranks as #84 most affordable out of the 111 places we measured in Colorado. By definition, that implies Centennial ranks as the #27 most expensive place in the Centennial State.

For more reading on life in Centennial, check out:

84 out of 111
In Colorado
5,091 out of 6,412
In America

Centennial Cost Of Living Vs. Colorado

Six factors go into calculating the cost of living index in Centennial. Here is how it fairs on each of the criteria:

  • The Services index in Centennial is 113.

  • The Groceries index in Centennial is 96.

  • The Health index in Centennial is 100.

  • The Housing index in Centennial is 176.

  • The Transportation index in Centennial is 114.

  • The Utilities index in Centennial is 80.

Living Expense Centennial Colorado National Average
Overall 126 104 100
Services 113 102 100
Groceries 96 99 100
Health 100 100 100
Housing 176 116 100
Transportation 114 104 100
Utilities 80 90 100
For more reading on cost of living around Colorado, check out:
Centennial Cost of Living Vs. CO

Centennial, 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 Centennial is $484,500.

  • The Median Rent in Centennial is $1,810.

  • The Median Income in Centennial is $114,375.

  • The Home Value To Income in Centennial is 4.2x.

  • The Rent To Monthly Income in Centennial is 0.19x.

Statistic Centennial Colorado United States
Median Home Value $484,500 $397,500 $244,900
Median Rent $1,810 $1,437 $1,163
Median Income $114,375 $80,184 $69,021
Home Value To Income 4.2x 5.0x 3.5x
Rent To Monthly Income 0.19x 0.22x 0.2x
Search Homes For Sale In Centennial, CO
$484,500
Median Home Value
$1,810
Median Rent
$114,375
Median Income

Centennial, CO Costs By Category

Detailed Centennial Services Costs Vs. Colorado

Item Centennial Colorado
Shampoo $0.98 $1.06
Movie $12.9 $10.68
Bowling $19.78 $14.67
Haircut $21.67 $18.62
Beauty Salon $44.29 $39.05

Detailed Centennial Groceries Costs Vs. Colorado

Item Centennial Colorado
Ground Beef $4.11 $4.22
Fried Chicken $1.48 $1.39
Milk $1.76 $2.05
Potatoes $3.05 $3.29
Pizza $12.49 $10.62
Beer $8.98 $9.38
Toothpaste $1.89 $2.34

Detailed Centennial Health Costs Vs. Colorado

Item Centennial Colorado
Optometrist $104.86 $108.57
Doctor $111.77 $116.17
Dentist $105.51 $99.13

Detailed Centennial Transportation Costs Vs. Colorado

Item Centennial Colorado
Gasoline $2.49 $2.22
Tire Balancing $57.16 $50.07

Detailed Centennial Utilities Costs Vs. Colorado

Item Centennial Colorado
All Electricity $105.51 $167.67
Phone $186.48 $175.64

Centennial SnackAbility

9.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9.5
Affordability
6
Diversity
8
Safety
7
Amenities
9.5
Education
9.5
Commute
6

Cost Of Living In Cities Around Centennial

The cost of living varies in the cities and towns around Centennial. 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 116, 0.9x Centennial.

  • Aurora, CO has a cost of living index of 108, 0.9x Centennial.

  • Englewood, CO has a cost of living index of 111, 0.9x Centennial.

City Population Cost Of Living Vs. Centennial
Denver, CO 706,799 116 0.9x
Aurora, CO 383,496 108 0.9x
Englewood, CO 33,500 111 0.9x
Wheat Ridge, CO 32,340 110 0.9x
Sherrelwood, CO 20,069 98 0.8x
Welby, CO 16,260 97 0.8x
Lone Tree, CO 13,701 145 1.2x
Cherry Creek, CO 11,389 143 1.1x
Berkley, CO 10,920 99 0.8x
Stonegate, CO 9,822 123 1.0x

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