Wheat Ridge, CO Cost Of Living
Cost Of Living In Wheat Ridge, CO Summary
Cost of living in Wheat Ridge 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 Wheat Ridge 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 Wheat Ridge is 130, with 100 being the average.
The cost of living index in Wheat Ridge is 1.3x higher than the national average.
Wheat Ridge ranks as the #64 cheapest in Colorado out of 113.
Wheat Ridge ranks as the #4,989 cheapest out of 6,489 in the US.
The median home value in Wheat Ridge is $601,928.
The median income in Wheat Ridge is $87,598.
Table Of Contents
Wheat Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Wheat Ridge, CO?
According to the most recent data on the cost of living, Wheat Ridge has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to Colorado, Wheat Ridge has a cost of living index that's 1.2x higher than Colorado's index of 111.
The standard of living in Wheat Ridge ranks as #64 most affordable out of the 113 places we measured in Colorado. By definition, that implies Wheat Ridge ranks as the #49 most expensive place in the Centennial State.
For more reading on life in Wheat Ridge, check out:
In Colorado
In America
Wheat Ridge Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Wheat Ridge. Here is how it fairs on each of the criteria:
The Services index in Wheat Ridge is 104.
The Groceries index in Wheat Ridge is 97.
The Health index in Wheat Ridge is 90.
The Housing index in Wheat Ridge is 198.
The Transportation index in Wheat Ridge is 107.
The Utilities index in Wheat Ridge is 88.
| Living Expense | Wheat Ridge | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 130 | 111 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 97 | 103 | 100 | |
| Health | 90 | 101 | 100 | |
| Housing | 198 | 134 | 100 | |
| Transportation | 107 | 107 | 100 | |
| Utilities | 88 | 89 | 100 | |
Wheat Ridge, 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 Wheat Ridge is $601,928.
The Median Rent in Wheat Ridge is $1,493.
The Median Income in Wheat Ridge is $87,598.
The Home Value To Income in Wheat Ridge is 6.9x.
The Rent To Monthly Income in Wheat Ridge is 0.2x.
| Statistic | Wheat Ridge | Colorado | United States |
|---|---|---|---|
| Median Home Value | $601,928 | $540,183 | $303,400 |
| Median Rent | $1,493 | $1,693 | $1,348 |
| Median Income | $87,598 | $92,470 | $78,538 |
| Home Value To Income | 6.9x | 5.8x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Wheat Ridge, CO Costs By Category
Detailed Wheat Ridge Services Costs Vs. Colorado
| Item | Wheat Ridge | 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 Wheat Ridge Groceries Costs Vs. Colorado
| Item | Wheat Ridge | 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 Wheat Ridge Health Costs Vs. Colorado
| Item | Wheat Ridge | Colorado |
|---|---|---|
| Optometrist | $110.45 | $125.68 |
| Doctor | $188.89 | $135.78 |
| Dentist | $107.78 | $113.29 |
Detailed Wheat Ridge Transportation Costs Vs. Colorado
| Item | Wheat Ridge | Colorado |
|---|---|---|
| Gasoline | $3.58 | $3.46 |
| Tire Balancing | $73.58 | $59.92 |
Detailed Wheat Ridge Utilities Costs Vs. Colorado
| Item | Wheat Ridge | Colorado |
|---|---|---|
| All Electricity | $161.0 | $193.99 |
| Phone | $195.56 | $192.25 |
Wheat Ridge SnackAbility
/10
Cost Of Living In Cities Around Wheat Ridge
The cost of living varies in the cities and towns around Wheat Ridge. 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, 1.0x Wheat Ridge.
Lakewood, CO has a cost of living index of 130, 1.0x Wheat Ridge.
Arvada, CO has a cost of living index of 133, 1.0x Wheat Ridge.
| City | Population | Cost Of Living | Vs. Wheat Ridge |
|---|---|---|---|
| Denver, CO | 713,734 | 134 | 1.0x |
| Lakewood, CO | 156,309 | 130 | 1.0x |
| Arvada, CO | 122,835 | 133 | 1.0x |
| Northglenn, CO | 37,953 | 120 | 0.9x |
| Englewood, CO | 33,774 | 127 | 1.0x |
| Golden, CO | 20,467 | 144 | 1.1x |
| Sherrelwood, CO | 19,368 | 117 | 0.9x |
| Welby, CO | 16,232 | 110 | 0.8x |
| Federal Heights, CO | 14,160 | 93 | 0.7x |
| Berkley, CO | 10,838 | 119 | 0.9x |
