Wheat Ridge, CO Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 110, with 100 being the average.

  • The cost of living index in Wheat Ridge is 1.1x higher than the national average.

  • Wheat Ridge ranks as the #54 cheapest in Colorado out of 111.

  • Wheat Ridge ranks as the #4,128 cheapest out of 6,412 in the US.

  • The median home value in Wheat Ridge is $459,500.

  • The median income in Wheat Ridge is $73,231.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
110
Wheat Ridge's Overall Cost Of Living
1.1x
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 110, which is 1.1x higher than the national index of 100.

Compared to Colorado, Wheat Ridge has a cost of living index that's 1.1x higher than Colorado's index of 104.

The standard of living in Wheat Ridge ranks as #54 most affordable out of the 111 places we measured in Colorado. By definition, that implies Wheat Ridge ranks as the #57 most expensive place in the Centennial State.

For more reading on life in Wheat Ridge, check out:

54 out of 111
In Colorado
4,128 out of 6,412
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 102.

  • The Groceries index in Wheat Ridge is 88.

  • The Health index in Wheat Ridge is 99.

  • The Housing index in Wheat Ridge is 134.

  • The Transportation index in Wheat Ridge is 108.

  • The Utilities index in Wheat Ridge is 80.

Living Expense Wheat Ridge Colorado National Average
Overall 110 104 100
Services 102 102 100
Groceries 88 99 100
Health 99 100 100
Housing 134 116 100
Transportation 108 104 100
Utilities 80 90 100
For more reading on cost of living around Colorado, check out:
Wheat Ridge Cost of Living Vs. CO

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 2017-2021. The key points are:

  • The Median Home Value in Wheat Ridge is $459,500.

  • The Median Rent in Wheat Ridge is $1,311.

  • The Median Income in Wheat Ridge is $73,231.

  • The Home Value To Income in Wheat Ridge is 6.3x.

  • The Rent To Monthly Income in Wheat Ridge is 0.21x.

Statistic Wheat Ridge Colorado United States
Median Home Value $459,500 $397,500 $244,900
Median Rent $1,311 $1,437 $1,163
Median Income $73,231 $80,184 $69,021
Home Value To Income 6.3x 5.0x 3.5x
Rent To Monthly Income 0.21x 0.22x 0.2x
Search Homes For Sale In Wheat Ridge, CO
$459,500
Median Home Value
$1,311
Median Rent
$73,231
Median Income

Wheat Ridge, CO Costs By Category

Detailed Wheat Ridge Services Costs Vs. Colorado

Item Wheat Ridge 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 Wheat Ridge Groceries Costs Vs. Colorado

Item Wheat Ridge 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 Wheat Ridge Health Costs Vs. Colorado

Item Wheat Ridge Colorado
Optometrist $99.83 $108.57
Doctor $117.67 $116.17
Dentist $92.83 $99.13

Detailed Wheat Ridge Transportation Costs Vs. Colorado

Item Wheat Ridge Colorado
Gasoline $2.24 $2.22
Tire Balancing $59.83 $50.07

Detailed Wheat Ridge Utilities Costs Vs. Colorado

Item Wheat Ridge Colorado
All Electricity $103.99 $167.67
Phone $187.21 $175.64

Wheat Ridge SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
4
Diversity
8
Safety
3
Amenities
9
Education
8.5
Commute
7

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 116, 1.1x Wheat Ridge.

  • Lakewood, CO has a cost of living index of 115, 1.0x Wheat Ridge.

  • Arvada, CO has a cost of living index of 109, 1.0x Wheat Ridge.

City Population Cost Of Living Vs. Wheat Ridge
Denver, CO 706,799 116 1.1x
Lakewood, CO 155,608 115 1.0x
Arvada, CO 122,903 109 1.0x
Northglenn, CO 37,899 103 0.9x
Englewood, CO 33,500 111 1.0x
Sherrelwood, CO 20,069 98 0.9x
Golden, CO 20,041 127 1.2x
Welby, CO 16,260 97 0.9x
Federal Heights, CO 14,111 80 0.7x
Berkley, CO 10,920 99 0.9x

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