Cost of living in Frederick 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 Frederick 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 Frederick is 128, with 100 being the average.
The cost of living index in Frederick is 1.3x higher than the national average.
Frederick ranks as the #60 cheapest in Colorado out of 113.
Frederick ranks as the #4,889 cheapest out of 6,489 in the US.
The median home value in Frederick is $548,954.
The median income in Frederick is $135,316.
According to the most recent data on the cost of living, Frederick has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to Colorado, Frederick has a cost of living index that's 1.2x higher than Colorado's index of 111.
The standard of living in Frederick ranks as #60 most affordable out of the 113 places we measured in Colorado. By definition, that implies Frederick ranks as the #53 most expensive place in the Centennial State.
For more reading on life in Frederick, check out:
Six factors go into calculating the cost of living index in Frederick. Here is how it fairs on each of the criteria:
The Services index in Frederick is 104.
The Groceries index in Frederick is 98.
The Health index in Frederick is 88.
The Housing index in Frederick is 196.
The Transportation index in Frederick is 110.
The Utilities index in Frederick is 89.
| Living Expense | Frederick | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 128 | 111 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 98 | 103 | 100 | |
| Health | 88 | 101 | 100 | |
| Housing | 196 | 134 | 100 | |
| Transportation | 110 | 107 | 100 | |
| Utilities | 89 | 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 Frederick is $548,954.
The Median Rent in Frederick is $2,252.
The Median Income in Frederick is $135,316.
The Home Value To Income in Frederick is 4.1x.
The Rent To Monthly Income in Frederick is 0.2x.
The cost of living varies in the cities and towns around Frederick. Here's a quick look at the cost of living in the most populous nearby places:
Longmont, CO has a cost of living index of 130, 1.0x Frederick.
Brighton, CO has a cost of living index of 121, 0.9x Frederick.
Northglenn, CO has a cost of living index of 120, 0.9x Frederick.
| City | Population | Cost Of Living | Vs. Frederick |
|---|---|---|---|
| Longmont, CO | 98,958 | 130 | 1.0x |
| Brighton, CO | 41,196 | 121 | 0.9x |
| Northglenn, CO | 37,953 | 120 | 0.9x |
| Erie, CO | 31,927 | 150 | 1.2x |
| Sherrelwood, CO | 19,368 | 117 | 0.9x |
| Firestone, CO | 17,353 | 127 | 1.0x |
| Welby, CO | 16,232 | 110 | 0.9x |
| Federal Heights, CO | 14,160 | 93 | 0.7x |
| Berthoud, CO | 11,684 | 125 | 1.0x |
| Milliken, CO | 8,695 | 116 | 0.9x |