Cost of living in Gunbarrel 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 Gunbarrel 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 Gunbarrel is 130, with 100 being the average.
The cost of living index in Gunbarrel is 1.3x higher than the national average.
Gunbarrel ranks as the #91 cheapest in Colorado out of 111.
Gunbarrel ranks as the #5,259 cheapest out of 6,412 in the US.
The median home value in Gunbarrel is $605,000.
The median income in Gunbarrel is $97,677.
According to the most recent data on the cost of living, Gunbarrel has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to Colorado, Gunbarrel has a cost of living index that's 1.2x higher than Colorado's index of 104.
The standard of living in Gunbarrel ranks as #91 most affordable out of the 111 places we measured in Colorado. By definition, that implies Gunbarrel ranks as the #20 most expensive place in the Centennial State.
For more reading on life in Gunbarrel, check out:
Six factors go into calculating the cost of living index in Gunbarrel. Here is how it fairs on each of the criteria:
The Services index in Gunbarrel is 104.
The Groceries index in Gunbarrel is 91.
The Health index in Gunbarrel is 99.
The Housing index in Gunbarrel is 198.
The Transportation index in Gunbarrel is 105.
The Utilities index in Gunbarrel is 79.
|Living Expense||Gunbarrel||Colorado||National Average|
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 Gunbarrel is $605,000.
The Median Rent in Gunbarrel is $1,747.
The Median Income in Gunbarrel is $97,677.
The Home Value To Income in Gunbarrel is 6.2x.
The Rent To Monthly Income in Gunbarrel is 0.21x.
|Median Home Value||$605,000||$397,500||$244,900|
|Home Value To Income||6.2x||5.0x||3.5x|
|Rent To Monthly Income||0.21x||0.22x||0.2x|
The cost of living varies in the cities and towns around Gunbarrel. 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 106, 0.8x Gunbarrel.
Boulder, CO has a cost of living index of 145, 1.1x Gunbarrel.
Northglenn, CO has a cost of living index of 103, 0.8x Gunbarrel.
|City||Population||Cost Of Living||Vs. Gunbarrel|