Edwards, CO Cost Of Living

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

Cost Of Living In Edwards, CO Summary

Cost of living in Edwards 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 Edwards 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 Edwards is 149, with 100 being the average.

  • The cost of living index in Edwards is 1.5x higher than the national average.

  • Edwards ranks as the #108 cheapest in Colorado out of 111.

  • Edwards ranks as the #5,822 cheapest out of 6,412 in the US.

  • The median home value in Edwards is $747,000.

  • The median income in Edwards is $80,035.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
149
Edwards's Overall Cost Of Living
1.5x
Higher Than The National Average

What is the cost of living in Edwards, CO?

According to the most recent data on the cost of living, Edwards has an overall cost of living index of 149, which is 1.5x higher than the national index of 100.

Compared to Colorado, Edwards has a cost of living index that's 1.4x higher than Colorado's index of 104.

The standard of living in Edwards ranks as #108 most affordable out of the 111 places we measured in Colorado. By definition, that implies Edwards ranks as the #3 most expensive place in the Centennial State.

For more reading on life in Edwards, check out:

108 out of 111
In Colorado
5,822 out of 6,412
In America

Edwards Cost Of Living Vs. Colorado

Six factors go into calculating the cost of living index in Edwards. Here is how it fairs on each of the criteria:

  • The Services index in Edwards is 110.

  • The Groceries index in Edwards is 104.

  • The Health index in Edwards is 115.

  • The Housing index in Edwards is 251.

  • The Transportation index in Edwards is 107.

  • The Utilities index in Edwards is 84.

Living Expense Edwards Colorado National Average
Overall 149 104 100
Services 110 102 100
Groceries 104 99 100
Health 115 100 100
Housing 251 116 100
Transportation 107 104 100
Utilities 84 90 100
For more reading on cost of living around Colorado, check out:
Edwards Cost of Living Vs. CO

Edwards, 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 Edwards is $747,000.

  • The Median Rent in Edwards is $1,723.

  • The Median Income in Edwards is $80,035.

  • The Home Value To Income in Edwards is 9.3x.

  • The Rent To Monthly Income in Edwards is 0.26x.

Statistic Edwards Colorado United States
Median Home Value $747,000 $397,500 $244,900
Median Rent $1,723 $1,437 $1,163
Median Income $80,035 $80,184 $69,021
Home Value To Income 9.3x 5.0x 3.5x
Rent To Monthly Income 0.26x 0.22x 0.2x
Search Homes For Sale In Edwards, CO
$747,000
Median Home Value
$1,723
Median Rent
$80,035
Median Income

Edwards, CO Costs By Category

Detailed Edwards Services Costs Vs. Colorado

Item Edwards Colorado
Shampoo $0.99 $1.06
Movie $10.5 $10.68
Bowling $4.5 $14.67
Haircut $21.33 $18.62
Beauty Salon $51.33 $39.05

Detailed Edwards Groceries Costs Vs. Colorado

Item Edwards Colorado
Ground Beef $3.77 $4.22
Fried Chicken $1.49 $1.39
Milk $1.79 $2.05
Potatoes $2.37 $3.29
Pizza $9.5 $10.62
Beer $8.41 $9.38
Toothpaste $2.94 $2.34

Detailed Edwards Health Costs Vs. Colorado

Item Edwards Colorado
Optometrist $160.0 $108.57
Doctor $120.0 $116.17
Dentist $107.5 $99.13

Detailed Edwards Transportation Costs Vs. Colorado

Item Edwards Colorado
Gasoline $2.38 $2.22
Tire Balancing $48.03 $50.07

Detailed Edwards Utilities Costs Vs. Colorado

Item Edwards Colorado
All Electricity $135.26 $167.67
Phone $25.01 $175.64

Edwards SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
9.5
Affordability
3
Diversity
8.5
Safety
N/A
Amenities
6
Education
8
Commute
8

Cost Of Living In Cities Around Edwards

The cost of living varies in the cities and towns around Edwards. Here's a quick look at the cost of living in the most populous nearby places:

  • Glenwood Springs, CO has a cost of living index of 121, 0.8x Edwards.

  • Gypsum, CO has a cost of living index of 116, 0.8x Edwards.

  • Eagle, CO has a cost of living index of 134, 0.9x Edwards.

City Population Cost Of Living Vs. Edwards
Glenwood Springs, CO 10,017 121 0.8x
Gypsum, CO 8,047 116 0.8x
Eagle, CO 7,420 134 0.9x
Aspen, CO 7,019 141 0.9x
Carbondale, CO 6,464 137 0.9x
Avon, CO 6,209 128 0.9x

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