Cortez, CO Cost Of Living
Cost Of Living In Cortez, CO Summary
Cost of living in Cortez 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 Cortez 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 Cortez is 93, with 100 being the average.
The cost of living index in Cortez is 0.9x lower than the national average.
Cortez ranks as the #10 cheapest in Colorado out of 111.
Cortez ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Cortez is $174,800.
The median income in Cortez is $51,924.
Table Of Contents
Cortez's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cortez, CO?
According to the most recent data on the cost of living, Cortez has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Colorado, Cortez has a cost of living index that's 0.9x lower than Colorado's index of 104.
The standard of living in Cortez ranks as #10 most affordable out of the 111 places we measured in Colorado. By definition, that implies Cortez ranks as the #101 most expensive place in the Centennial State.
For more reading on life in Cortez, check out:
- Living In Cortez
- Cortez Crime Report
- Search Homes For Sale In Cortez, CO
In Colorado
In America
Cortez Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Cortez. Here is how it fairs on each of the criteria:
The Services index in Cortez is 98.
The Groceries index in Cortez is 117.
The Health index in Cortez is 102.
The Housing index in Cortez is 78.
The Transportation index in Cortez is 109.
The Utilities index in Cortez is 83.
| Living Expense | Cortez | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 93 | 104 | 100 | |
| Services | 98 | 102 | 100 | |
| Groceries | 117 | 99 | 100 | |
| Health | 102 | 100 | 100 | |
| Housing | 78 | 116 | 100 | |
| Transportation | 109 | 104 | 100 | |
| Utilities | 83 | 90 | 100 | |
Cortez, 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 Cortez is $174,800.
The Median Rent in Cortez is $878.
The Median Income in Cortez is $51,924.
The Home Value To Income in Cortez is 3.4x.
The Rent To Monthly Income in Cortez is 0.2x.
| Statistic | Cortez | Colorado | United States |
|---|---|---|---|
| Median Home Value | $174,800 | $397,500 | $244,900 |
| Median Rent | $878 | $1,437 | $1,163 |
| Median Income | $51,924 | $80,184 | $69,021 |
| Home Value To Income | 3.4x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Cortez, CO Costs By Category
Detailed Cortez Services Costs Vs. Colorado
Detailed Cortez Groceries Costs Vs. Colorado
Detailed Cortez Health Costs Vs. Colorado
Detailed Cortez Transportation Costs Vs. Colorado
Detailed Cortez Utilities Costs Vs. Colorado
Cortez SnackAbility
/10
Cost Of Living In Cities Around Cortez
The cost of living varies in the cities and towns around Cortez. Here's a quick look at the cost of living in the most populous nearby places:
Farmington, NM has a cost of living index of 92, 1.0x Cortez.
Durango, CO has a cost of living index of 124, 1.3x Cortez.
Shiprock, NM has a cost of living index of 76, 0.8x Cortez.
| City | Population | Cost Of Living | Vs. Cortez |
|---|---|---|---|
| Farmington, NM | 46,696 | 92 | 1.0x |
| Durango, CO | 18,953 | 124 | 1.3x |
| Shiprock, NM | 8,452 | 76 | 0.8x |
| Aztec, NM | 6,283 | 86 | 0.9x |
