Westminster, CO Cost Of Living
Cost Of Living In Westminster, CO Summary
Cost of living in Westminster 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 Westminster 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 Westminster is 127, with 100 being the average.
The cost of living index in Westminster is 1.3x higher than the national average.
Westminster ranks as the #58 cheapest in Colorado out of 113.
Westminster ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in Westminster is $522,766.
The median income in Westminster is $96,145.
Table Of Contents
Westminster's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westminster, CO?
According to the most recent data on the cost of living, Westminster has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Colorado, Westminster has a cost of living index that's 1.1x higher than Colorado's index of 111.
The standard of living in Westminster ranks as #58 most affordable out of the 113 places we measured in Colorado. By definition, that implies Westminster ranks as the #55 most expensive place in the Centennial State.
For more reading on life in Westminster, check out:
In Colorado
In America
Westminster Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Westminster. Here is how it fairs on each of the criteria:
The Services index in Westminster is 105.
The Groceries index in Westminster is 97.
The Health index in Westminster is 88.
The Housing index in Westminster is 182.
The Transportation index in Westminster is 111.
The Utilities index in Westminster is 89.
| Living Expense | Westminster | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 127 | 111 | 100 | |
| Services | 105 | 102 | 100 | |
| Groceries | 97 | 103 | 100 | |
| Health | 88 | 101 | 100 | |
| Housing | 182 | 134 | 100 | |
| Transportation | 111 | 107 | 100 | |
| Utilities | 89 | 89 | 100 | |
Westminster, 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 2019-2023. The key points are:
The Median Home Value in Westminster is $522,766.
The Median Rent in Westminster is $1,816.
The Median Income in Westminster is $96,145.
The Home Value To Income in Westminster is 5.4x.
The Rent To Monthly Income in Westminster is 0.23x.
| Statistic | Westminster | Colorado | United States |
|---|---|---|---|
| Median Home Value | $522,766 | $540,183 | $303,400 |
| Median Rent | $1,816 | $1,693 | $1,348 |
| Median Income | $96,145 | $92,470 | $78,538 |
| Home Value To Income | 5.4x | 5.8x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Westminster, CO Costs By Category
Detailed Westminster Services Costs Vs. Colorado
| Item | Westminster | Colorado |
|---|---|---|
| Shampoo | $1.19 | $1.28 |
| Movie | $11.09 | $12.13 |
| Bowling | $22.22 | $18 |
| Haircut | $25.33 | $24.26 |
| Beauty Salon | $45.45 | $45.56 |
Detailed Westminster Groceries Costs Vs. Colorado
| Item | Westminster | Colorado |
|---|---|---|
| Ground Beef | $5.56 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.89 | $4.67 |
| Potatoes | $4.62 | $4.93 |
| Pizza | $11.06 | $12.09 |
| Beer | $11.34 | $10.41 |
| Toothpaste | $4.12 | $3.7 |
Detailed Westminster Health Costs Vs. Colorado
| Item | Westminster | Colorado |
|---|---|---|
| Optometrist | $110.45 | $125.68 |
| Doctor | $188.89 | $135.78 |
| Dentist | $107.78 | $113.29 |
Detailed Westminster Transportation Costs Vs. Colorado
| Item | Westminster | Colorado |
|---|---|---|
| Gasoline | $3.58 | $3.46 |
| Tire Balancing | $73.58 | $59.92 |
Detailed Westminster Utilities Costs Vs. Colorado
| Item | Westminster | Colorado |
|---|---|---|
| All Electricity | $161.0 | $193.99 |
| Phone | $195.56 | $192.25 |
Westminster SnackAbility
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Cost Of Living In Cities Around Westminster
The cost of living varies in the cities and towns around Westminster. 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 134, 1.1x Westminster.
Arvada, CO has a cost of living index of 133, 1.0x Westminster.
Broomfield, CO has a cost of living index of 138, 1.1x Westminster.
| City | Population | Cost Of Living | Vs. Westminster |
|---|---|---|---|
| Denver, CO | 713,734 | 134 | 1.1x |
| Arvada, CO | 122,835 | 133 | 1.0x |
| Broomfield, CO | 75,110 | 138 | 1.1x |
| Northglenn, CO | 37,953 | 120 | 0.9x |
| Englewood, CO | 33,774 | 127 | 1.0x |
| Sherrelwood, CO | 19,368 | 117 | 0.9x |
| Firestone, CO | 17,353 | 127 | 1.0x |
| Welby, CO | 16,232 | 110 | 0.9x |
| Federal Heights, CO | 14,160 | 93 | 0.7x |
| Superior, CO | 13,136 | 160 | 1.3x |
