Greenwood Village, CO Cost Of Living
Cost Of Living In Greenwood Village, CO Summary
Cost of living in Greenwood Village 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 Greenwood Village 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 Greenwood Village is 196, with 100 being the average.
The cost of living index in Greenwood Village is 2.0x higher than the national average.
Greenwood Village ranks as the #112 cheapest in Colorado out of 113.
Greenwood Village ranks as the #6,296 cheapest out of 6,489 in the US.
The median home value in Greenwood Village is $1,363,394.
The median income in Greenwood Village is $145,781.
Table Of Contents
Greenwood Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Greenwood Village, CO?
According to the most recent data on the cost of living, Greenwood Village has an overall cost of living index of 196, which is 2.0x higher than the national index of 100.
Compared to Colorado, Greenwood Village has a cost of living index that's 1.8x higher than Colorado's index of 111.
The standard of living in Greenwood Village ranks as #112 most affordable out of the 113 places we measured in Colorado. By definition, that implies Greenwood Village ranks as the #1 most expensive place in the Centennial State.
For more reading on life in Greenwood Village, check out:
In Colorado
In America
Greenwood Village Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Greenwood Village. Here is how it fairs on each of the criteria:
The Services index in Greenwood Village is 105.
The Groceries index in Greenwood Village is 107.
The Health index in Greenwood Village is 100.
The Housing index in Greenwood Village is 414.
The Transportation index in Greenwood Village is 102.
The Utilities index in Greenwood Village is 87.
| Living Expense | Greenwood Village | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 196 | 111 | 100 | |
| Services | 105 | 102 | 100 | |
| Groceries | 107 | 103 | 100 | |
| Health | 100 | 101 | 100 | |
| Housing | 414 | 134 | 100 | |
| Transportation | 102 | 107 | 100 | |
| Utilities | 87 | 89 | 100 | |
Greenwood Village, 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 Greenwood Village is $1,363,394.
The Median Rent in Greenwood Village is $2,119.
The Median Income in Greenwood Village is $145,781.
The Home Value To Income in Greenwood Village is 9.4x.
The Rent To Monthly Income in Greenwood Village is 0.17x.
| Statistic | Greenwood Village | Colorado | United States |
|---|---|---|---|
| Median Home Value | $1,363,394 | $540,183 | $303,400 |
| Median Rent | $2,119 | $1,693 | $1,348 |
| Median Income | $145,781 | $92,470 | $78,538 |
| Home Value To Income | 9.4x | 5.8x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Greenwood Village, CO Costs By Category
Detailed Greenwood Village Services Costs Vs. Colorado
| Item | Greenwood Village | Colorado |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $14.7 | $12.13 |
| Bowling | $21.4 | $18 |
| Haircut | $26.81 | $24.26 |
| Beauty Salon | $50.45 | $45.56 |
Detailed Greenwood Village Groceries Costs Vs. Colorado
| Item | Greenwood Village | Colorado |
|---|---|---|
| Ground Beef | $5.23 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $4.3 | $4.93 |
| Pizza | $12.87 | $12.09 |
| Beer | $10.67 | $10.41 |
| Toothpaste | $3.7 | $3.7 |
Detailed Greenwood Village Health Costs Vs. Colorado
| Item | Greenwood Village | Colorado |
|---|---|---|
| Optometrist | $121.38 | $125.68 |
| Doctor | $116.64 | $135.78 |
| Dentist | $126.27 | $113.29 |
Detailed Greenwood Village Transportation Costs Vs. Colorado
| Item | Greenwood Village | Colorado |
|---|---|---|
| Gasoline | $3.67 | $3.46 |
| Tire Balancing | $60.05 | $59.92 |
Detailed Greenwood Village Utilities Costs Vs. Colorado
| Item | Greenwood Village | Colorado |
|---|---|---|
| All Electricity | $145.02 | $193.99 |
| Phone | $194.36 | $192.25 |
Greenwood Village SnackAbility
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