Sherrelwood, CO Cost Of Living
Cost Of Living In Sherrelwood, CO Summary
Cost of living in Sherrelwood 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 Sherrelwood 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 Sherrelwood is 98, with 100 being the average.
The cost of living index in Sherrelwood is 1.0x lower than the national average.
Sherrelwood ranks as the #19 cheapest in Colorado out of 111.
Sherrelwood ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Sherrelwood is $327,400.
The median income in Sherrelwood is $64,627.
Table Of Contents
Sherrelwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sherrelwood, CO?
According to the most recent data on the cost of living, Sherrelwood has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Colorado, Sherrelwood has a cost of living index that's 0.9x lower than Colorado's index of 104.
The standard of living in Sherrelwood ranks as #19 most affordable out of the 111 places we measured in Colorado. By definition, that implies Sherrelwood ranks as the #92 most expensive place in the Centennial State.
For more reading on life in Sherrelwood, check out:
- Living In Sherrelwood
- Search Homes For Sale In Sherrelwood, CO
In Colorado
In America
Sherrelwood Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Sherrelwood. Here is how it fairs on each of the criteria:
The Services index in Sherrelwood is 104.
The Groceries index in Sherrelwood is 91.
The Health index in Sherrelwood is 100.
The Housing index in Sherrelwood is 104.
The Transportation index in Sherrelwood is 105.
The Utilities index in Sherrelwood is 79.
| Living Expense | Sherrelwood | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 98 | 104 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 91 | 99 | 100 | |
| Health | 100 | 100 | 100 | |
| Housing | 104 | 116 | 100 | |
| Transportation | 105 | 104 | 100 | |
| Utilities | 79 | 90 | 100 | |
Sherrelwood, 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 Sherrelwood is $327,400.
The Median Rent in Sherrelwood is $1,467.
The Median Income in Sherrelwood is $64,627.
The Home Value To Income in Sherrelwood is 5.1x.
The Rent To Monthly Income in Sherrelwood is 0.27x.
| Statistic | Sherrelwood | Colorado | United States |
|---|---|---|---|
| Median Home Value | $327,400 | $397,500 | $244,900 |
| Median Rent | $1,467 | $1,437 | $1,163 |
| Median Income | $64,627 | $80,184 | $69,021 |
| Home Value To Income | 5.1x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Sherrelwood, CO Costs By Category
Detailed Sherrelwood Services Costs Vs. Colorado
| Item | Sherrelwood | Colorado |
|---|---|---|
| Shampoo | $0.88 | $1.06 |
| Movie | $13.19 | $10.68 |
| Bowling | $20.67 | $14.67 |
| Haircut | $24.05 | $18.62 |
| Beauty Salon | $35.0 | $39.05 |
Detailed Sherrelwood Groceries Costs Vs. Colorado
| Item | Sherrelwood | Colorado |
|---|---|---|
| Ground Beef | $4.62 | $4.22 |
| Fried Chicken | $1.15 | $1.39 |
| Milk | $1.78 | $2.05 |
| Potatoes | $3.04 | $3.29 |
| Pizza | $11.32 | $10.62 |
| Beer | $8.96 | $9.38 |
| Toothpaste | $2.11 | $2.34 |
Detailed Sherrelwood Health Costs Vs. Colorado
| Item | Sherrelwood | Colorado |
|---|---|---|
| Optometrist | $99.83 | $108.57 |
| Doctor | $117.67 | $116.17 |
| Dentist | $92.83 | $99.13 |
Detailed Sherrelwood Transportation Costs Vs. Colorado
| Item | Sherrelwood | Colorado |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $59.83 | $50.07 |
Detailed Sherrelwood Utilities Costs Vs. Colorado
| Item | Sherrelwood | Colorado |
|---|---|---|
| All Electricity | $103.99 | $167.67 |
| Phone | $187.21 | $175.64 |
Sherrelwood SnackAbility
/10
Cost Of Living In Cities Around Sherrelwood
The cost of living varies in the cities and towns around Sherrelwood. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 116, 1.2x Sherrelwood.
Aurora, CO has a cost of living index of 108, 1.1x Sherrelwood.
Westminster, CO has a cost of living index of 106, 1.1x Sherrelwood.
| City | Population | Cost Of Living | Vs. Sherrelwood |
|---|---|---|---|
| Denver, CO | 706,799 | 116 | 1.2x |
| Aurora, CO | 383,496 | 108 | 1.1x |
| Westminster, CO | 115,535 | 106 | 1.1x |
| Brighton, CO | 39,895 | 103 | 1.1x |
| Northglenn, CO | 37,899 | 103 | 1.1x |
| Englewood, CO | 33,500 | 111 | 1.1x |
| Welby, CO | 16,260 | 97 | 1.0x |
| Federal Heights, CO | 14,111 | 80 | 0.8x |
| Berkley, CO | 10,920 | 99 | 1.0x |
| Derby, CO | 8,995 | 93 | 0.9x |
