Cost of living in Woodmoor 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 Woodmoor 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 Woodmoor is 151, with 100 being the average.
The cost of living index in Woodmoor is 1.5x higher than the national average.
Woodmoor ranks as the #96 cheapest in Colorado out of 113.
Woodmoor ranks as the #5,719 cheapest out of 6,489 in the US.
The median home value in Woodmoor is $756,062.
The median income in Woodmoor is $174,138.
According to the most recent data on the cost of living, Woodmoor has an overall cost of living index of 151, which is 1.5x higher than the national index of 100.
Compared to Colorado, Woodmoor has a cost of living index that's 1.4x higher than Colorado's index of 111.
The standard of living in Woodmoor ranks as #96 most affordable out of the 113 places we measured in Colorado. By definition, that implies Woodmoor ranks as the #17 most expensive place in the Centennial State.
For more reading on life in Woodmoor, check out:
Six factors go into calculating the cost of living index in Woodmoor. Here is how it fairs on each of the criteria:
The Services index in Woodmoor is 111.
The Groceries index in Woodmoor is 103.
The Health index in Woodmoor is 104.
The Housing index in Woodmoor is 253.
The Transportation index in Woodmoor is 106.
The Utilities index in Woodmoor is 100.
| Living Expense | Woodmoor | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 151 | 111 | 100 | |
| Services | 111 | 102 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 104 | 101 | 100 | |
| Housing | 253 | 134 | 100 | |
| Transportation | 106 | 107 | 100 | |
| Utilities | 100 | 89 | 100 | |
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 Woodmoor is $756,062.
The Median Rent in Woodmoor is $2,257.
The Median Income in Woodmoor is $174,138.
The Home Value To Income in Woodmoor is 4.3x.
The Rent To Monthly Income in Woodmoor is 0.16x.
The cost of living varies in the cities and towns around Woodmoor. Here's a quick look at the cost of living in the most populous nearby places:
Colorado Springs, CO has a cost of living index of 118, 0.8x Woodmoor.
Castle Rock, CO has a cost of living index of 136, 0.9x Woodmoor.
Cimarron Hills, CO has a cost of living index of 110, 0.7x Woodmoor.
| City | Population | Cost Of Living | Vs. Woodmoor |
|---|---|---|---|
| Colorado Springs, CO | 483,099 | 118 | 0.8x |
| Castle Rock, CO | 76,614 | 136 | 0.9x |
| Cimarron Hills, CO | 18,808 | 110 | 0.7x |
| Black Forest, CO | 14,658 | 167 | 1.1x |
| Monument, CO | 11,035 | 136 | 0.9x |
| Woodland Park, CO | 7,909 | 126 | 0.8x |
| Air Force Academy, CO | 6,701 | 130 | 0.9x |
| Gleneagle, CO | 6,207 | 135 | 0.9x |