Cost of living in Firestone 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 Firestone 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 Firestone is 127, with 100 being the average.
The cost of living index in Firestone is 1.3x higher than the national average.
Firestone ranks as the #58 cheapest in Colorado out of 113.
Firestone ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in Firestone is $572,193.
The median income in Firestone is $114,591.
According to the most recent data on the cost of living, Firestone has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Colorado, Firestone has a cost of living index that's 1.1x higher than Colorado's index of 111.
The standard of living in Firestone ranks as #58 most affordable out of the 113 places we measured in Colorado. By definition, that implies Firestone ranks as the #55 most expensive place in the Centennial State.
For more reading on life in Firestone, check out:
Six factors go into calculating the cost of living index in Firestone. Here is how it fairs on each of the criteria:
The Services index in Firestone is 102.
The Groceries index in Firestone is 96.
The Health index in Firestone is 90.
The Housing index in Firestone is 197.
The Transportation index in Firestone is 109.
The Utilities index in Firestone is 88.
| Living Expense | Firestone | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 127 | 111 | 100 | |
| Services | 102 | 102 | 100 | |
| Groceries | 96 | 103 | 100 | |
| Health | 90 | 101 | 100 | |
| Housing | 197 | 134 | 100 | |
| Transportation | 109 | 107 | 100 | |
| Utilities | 88 | 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 Firestone is $572,193.
The Median Rent in Firestone is $1,916.
The Median Income in Firestone is $114,591.
The Home Value To Income in Firestone is 5.0x.
The Rent To Monthly Income in Firestone is 0.2x.
The cost of living varies in the cities and towns around Firestone. Here's a quick look at the cost of living in the most populous nearby places:
Westminster, CO has a cost of living index of 127, 1.0x Firestone.
Longmont, CO has a cost of living index of 130, 1.0x Firestone.
Loveland, CO has a cost of living index of 119, 0.9x Firestone.
| City | Population | Cost Of Living | Vs. Firestone |
|---|---|---|---|
| Westminster, CO | 115,546 | 127 | 1.0x |
| Longmont, CO | 98,958 | 130 | 1.0x |
| Loveland, CO | 77,350 | 119 | 0.9x |
| Brighton, CO | 41,196 | 121 | 1.0x |
| Northglenn, CO | 37,953 | 120 | 0.9x |
| Erie, CO | 31,927 | 150 | 1.2x |
| Evans, CO | 22,265 | 110 | 0.9x |
| Frederick, CO | 15,893 | 128 | 1.0x |
| Federal Heights, CO | 14,160 | 93 | 0.7x |
| Berthoud, CO | 11,684 | 125 | 1.0x |