Cost of living in Gunnison 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 Gunnison 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 Gunnison is 110, with 100 being the average.
The cost of living index in Gunnison is 1.1x higher than the national average.
Gunnison ranks as the #25 cheapest in Colorado out of 113.
Gunnison ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Gunnison is $613,214.
The median income in Gunnison is $55,313.
According to the most recent data on the cost of living, Gunnison has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Colorado, Gunnison has a cost of living index that's 1.0x lower than Colorado's index of 111.
The standard of living in Gunnison ranks as #25 most affordable out of the 113 places we measured in Colorado. By definition, that implies Gunnison ranks as the #88 most expensive place in the Centennial State.
For more reading on life in Gunnison, check out:
Six factors go into calculating the cost of living index in Gunnison. Here is how it fairs on each of the criteria:
The Services index in Gunnison is 99.
The Groceries index in Gunnison is 105.
The Health index in Gunnison is 108.
The Housing index in Gunnison is 126.
The Transportation index in Gunnison is 111.
The Utilities index in Gunnison is 92.
| Living Expense | Gunnison | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 110 | 111 | 100 | |
| Services | 99 | 102 | 100 | |
| Groceries | 105 | 103 | 100 | |
| Health | 108 | 101 | 100 | |
| Housing | 126 | 134 | 100 | |
| Transportation | 111 | 107 | 100 | |
| Utilities | 92 | 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 Gunnison is $613,214.
The Median Rent in Gunnison is $1,120.
The Median Income in Gunnison is $55,313.
The Home Value To Income in Gunnison is 11.1x.
The Rent To Monthly Income in Gunnison is 0.24x.
The cost of living varies in the cities and towns around Gunnison. Here's a quick look at the cost of living in the most populous nearby places:
Aspen, CO has a cost of living index of 149, 1.4x Gunnison.
Salida, CO has a cost of living index of 123, 1.1x Gunnison.
| City | Population | Cost Of Living | Vs. Gunnison |
|---|---|---|---|
| Aspen, CO | 6,862 | 149 | 1.4x |
| Salida, CO | 5,786 | 123 | 1.1x |