Severance, CO Cost Of Living
Cost Of Living In Severance, CO Summary
Cost of living in Severance 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 Severance 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 Severance is 110, with 100 being the average.
The cost of living index in Severance is 1.1x higher than the national average.
Severance ranks as the #54 cheapest in Colorado out of 111.
Severance ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Severance is $404,600.
The median income in Severance is $111,055.
Table Of Contents
Severance's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Severance, CO?
According to the most recent data on the cost of living, Severance has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Colorado, Severance has a cost of living index that's 1.1x higher than Colorado's index of 104.
The standard of living in Severance ranks as #54 most affordable out of the 111 places we measured in Colorado. By definition, that implies Severance ranks as the #57 most expensive place in the Centennial State.
For more reading on life in Severance, check out:
- Living In Severance
- Severance Crime Report
- Search Homes For Sale In Severance, CO
In Colorado
In America
Severance Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Severance. Here is how it fairs on each of the criteria:
The Services index in Severance is 103.
The Groceries index in Severance is 91.
The Health index in Severance is 96.
The Housing index in Severance is 135.
The Transportation index in Severance is 106.
The Utilities index in Severance is 78.
| Living Expense | Severance | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 110 | 104 | 100 | |
| Services | 103 | 102 | 100 | |
| Groceries | 91 | 99 | 100 | |
| Health | 96 | 100 | 100 | |
| Housing | 135 | 116 | 100 | |
| Transportation | 106 | 104 | 100 | |
| Utilities | 78 | 90 | 100 | |
Severance, 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 2017-2021. The key points are:
The Median Home Value in Severance is $404,600.
The Median Rent in Severance is $2,040.
The Median Income in Severance is $111,055.
The Home Value To Income in Severance is 3.6x.
The Rent To Monthly Income in Severance is 0.22x.
| Statistic | Severance | Colorado | United States |
|---|---|---|---|
| Median Home Value | $404,600 | $397,500 | $244,900 |
| Median Rent | $2,040 | $1,437 | $1,163 |
| Median Income | $111,055 | $80,184 | $69,021 |
| Home Value To Income | 3.6x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Severance, CO Costs By Category
Detailed Severance Services Costs Vs. Colorado
Detailed Severance Groceries Costs Vs. Colorado
Detailed Severance Health Costs Vs. Colorado
Detailed Severance Transportation Costs Vs. Colorado
Detailed Severance Utilities Costs Vs. Colorado
Severance SnackAbility
/10
Cost Of Living In Cities Around Severance
The cost of living varies in the cities and towns around Severance. Here's a quick look at the cost of living in the most populous nearby places:
Fort Collins, CO has a cost of living index of 113, 1.0x Severance.
Greeley, CO has a cost of living index of 98, 0.9x Severance.
Loveland, CO has a cost of living index of 106, 1.0x Severance.
| City | Population | Cost Of Living | Vs. Severance |
|---|---|---|---|
| Fort Collins, CO | 166,788 | 113 | 1.0x |
| Greeley, CO | 107,014 | 98 | 0.9x |
| Loveland, CO | 75,938 | 106 | 1.0x |
| Windsor, CO | 31,972 | 115 | 1.0x |
| Evans, CO | 21,727 | 99 | 0.9x |
| Wellington, CO | 10,769 | 104 | 0.9x |
| Berthoud, CO | 10,188 | 106 | 1.0x |
| Johnstown, NY | 8,247 | 95 | 0.9x |
| Milliken, CO | 8,122 | 102 | 0.9x |
| Eaton, CO | 5,648 | 105 | 1.0x |
