Welby, CO Cost Of Living
Cost Of Living In Welby, CO Summary
Cost of living in Welby 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 Welby 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 Welby is 97, with 100 being the average.
The cost of living index in Welby is 1.0x lower than the national average.
Welby ranks as the #16 cheapest in Colorado out of 111.
Welby ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Welby is $251,400.
The median income in Welby is $68,575.
Table Of Contents
Welby's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Welby, CO?
According to the most recent data on the cost of living, Welby has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Colorado, Welby has a cost of living index that's 0.9x lower than Colorado's index of 104.
The standard of living in Welby ranks as #16 most affordable out of the 111 places we measured in Colorado. By definition, that implies Welby ranks as the #95 most expensive place in the Centennial State.
For more reading on life in Welby, check out:
- Living In Welby
- Search Homes For Sale In Welby, CO
In Colorado
In America
Welby Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Welby. Here is how it fairs on each of the criteria:
The Services index in Welby is 103.
The Groceries index in Welby is 88.
The Health index in Welby is 98.
The Housing index in Welby is 94.
The Transportation index in Welby is 109.
The Utilities index in Welby is 80.
| Living Expense | Welby | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 97 | 104 | 100 | |
| Services | 103 | 102 | 100 | |
| Groceries | 88 | 99 | 100 | |
| Health | 98 | 100 | 100 | |
| Housing | 94 | 116 | 100 | |
| Transportation | 109 | 104 | 100 | |
| Utilities | 80 | 90 | 100 | |
Welby, 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 Welby is $251,400.
The Median Rent in Welby is $1,411.
The Median Income in Welby is $68,575.
The Home Value To Income in Welby is 3.7x.
The Rent To Monthly Income in Welby is 0.25x.
| Statistic | Welby | Colorado | United States |
|---|---|---|---|
| Median Home Value | $251,400 | $397,500 | $244,900 |
| Median Rent | $1,411 | $1,437 | $1,163 |
| Median Income | $68,575 | $80,184 | $69,021 |
| Home Value To Income | 3.7x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Welby, CO Costs By Category
Detailed Welby Services Costs Vs. Colorado
Detailed Welby Groceries Costs Vs. Colorado
Detailed Welby Health Costs Vs. Colorado
Detailed Welby Transportation Costs Vs. Colorado
Detailed Welby Utilities Costs Vs. Colorado
Welby SnackAbility
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Cost Of Living In Cities Around Welby
The cost of living varies in the cities and towns around Welby. 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 Welby.
Aurora, CO has a cost of living index of 108, 1.1x Welby.
Thornton, CO has a cost of living index of 106, 1.1x Welby.
| City | Population | Cost Of Living | Vs. Welby |
|---|---|---|---|
| Denver, CO | 706,799 | 116 | 1.2x |
| Aurora, CO | 383,496 | 108 | 1.1x |
| Thornton, CO | 140,538 | 106 | 1.1x |
| Westminster, CO | 115,535 | 106 | 1.1x |
| Northglenn, CO | 37,899 | 103 | 1.1x |
| Englewood, CO | 33,500 | 111 | 1.1x |
| Sherrelwood, CO | 20,069 | 98 | 1.0x |
| Federal Heights, CO | 14,111 | 80 | 0.8x |
| Berkley, CO | 10,920 | 99 | 1.0x |
| Derby, CO | 8,995 | 93 | 1.0x |
