The cost of living in Denver, Colorado is 29.7% more expensive than the cost of living in Phoenix, Arizona. You would need a comparable salary of $38,907 in Denver, Colorado to maintain the same standard of living you have in Phoenix, Arizona.
Is Colorado an expensive state to live?
Colorado has been ranked as one of the top 10 most expensive states to live in by U.S. News & World Report. This is mainly due to the fact that housing in Colorado is 34% more expensive than the rest of the United States. You can expect to pay about $1300 per month for rent or $1,750 for a mortgage.
How much more expensive is Colorado?
The average cost of living in Colorado is about 7% higher than in the average U.S. city.
Is Arizona more expensive?
The cost of living in Arizona is on par with the national average, making it much more affordable than nearby states like Nevada and California.
Is everything more expensive in Colorado?
An amount below 100 means Colorado is cheaper than the US average. A cost of living index above 100 means Colorado, Colorado is more expensive.
Colorado cost of living is 121.1.
| COST OF LIVING | Colorado | United States |
|---|---|---|
| Overall | 121.1 | 100 |
| Grocery | 100.7 | 100 |
| Health | 95.8 | 100 |
| Housing | 166.1 | 100 |
Is moving to Colorado worth it?
Colorado has attracted many new residents who are drawn to the high quality of life in the state. The combination of job opportunities, beautiful weather, scenic views and a culture of wellness has proved irresistible to the Americans who have flocked to the state.
What is a livable salary in Colorado?
Living Wage Calculation for Denver County, Colorado
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $20.31 | $41.55 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $12.56 | $12.56 |
Is Arizona cheaper to live than Colorado?
The cost of living in Denver, Colorado is 29.7% more expensive than the cost of living in Phoenix, Arizona. You would need a comparable salary of $38,907 in Denver, Colorado to maintain the same standard of living you have in Phoenix, Arizona.
Why is living in Colorado so expensive?
Booming Population
The more people who move to the city the more housing is in demand. Classic supply and demand models combined with the fact that there is a finite amount of land and builders can’t keep up have caused real estate prices to skyrocket.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is a livable salary in Arizona?
Living Wage Calculation for Arizona
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.43 | $37.82 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $12.80 | $12.80 |
What is minimum wage in AZ?
(Arizona’s minimum wage currently is $12.80 per hour.) But there is more to the Tucson ordinance than just a pay increase for minimum wage workers. The ordinance also creates a host of other employer requirements unrelated to the minimum wage that substantially affects the employer-employee relationship.
Why is AZ so expensive?
COVID-19, the recent freezing over of Texas, one of the lowest federal interest rates in history, lumber shortages, political instability in coastal states, weather fatigue in the Midwest, and Arizona’s bustling economy are all contributing factors in the near double-digit yearly price increase for Arizona homes.
What is the best place to live in Colorado?
21 Best Places to Live in Colorado in 2022 (By a Local)
- Denver.
- Boulder.
- Castle Rock.
- Aurora.
- Colorado Springs.
- Fort Collins.
- Grand Junction.
- Durango.
Is it cheaper to live in Florida or Colorado?
Florida is 11.4% cheaper than Colorado.
How much money do you need to move to Colorado?
Up until 2020, with the rising cost of living, you would have needed an annual salary of close to $100,000 to live comfortably in Colorado. However, recent data and trends suggest that even with an annual salary of around $70,000 or $6,000 per month, you can afford to live a pretty comfortable life in Colorado.
Why you should not live in Colorado?
Most of Colorado’s population essentially lives in a desert climate. Your skin and lips will crack. Wildfire risk is massive. Water-use restrictions are becoming more common.
What are the cons of living in Colorado?
High cost of housing. High cost of living. Negative impacts of urbanization. Unpleasant effects of high elevation.
Is it harder to breathe in Colorado?
Altitude sickness can happen in Colorado, but it is rare below 8,000 feet (Denver is at 5,280 feet). The best way to avoid acute mountain sickness is to give your body time to adjust. Spend a few days in the city before heading into the mountains. And be sure to stay hydrated and take it slow.
What is middle class in Colorado?
The range to be considered middle income is highest for families composed of two adults and two young children, requiring an income between $69,000 and $208,000. By comparison, single-adult families with no young children must earn $22,000 to $68,000 to be considered middle income.
What does Walmart pay in Colorado?
Average Walmart hourly pay ranges from approximately $10.00 per hour for Custodian to $32.19 per hour for Family Nurse Practitioner. The average Walmart salary ranges from approximately $18,000 per year for Grocery Associate to $106,193 per year for Pharmacist.