Erie, CO Cost Of Living

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

Cost Of Living In Erie, CO Summary

Cost of living in Erie 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 Erie 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 Erie is 127, with 100 being the average.

  • The cost of living index in Erie is 1.3x higher than the national average.

  • Erie ranks as the #85 cheapest in Colorado out of 111.

  • Erie ranks as the #5,140 cheapest out of 6,412 in the US.

  • The median home value in Erie is $565,500.

  • The median income in Erie is $140,409.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
127
Erie's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Erie, CO?

According to the most recent data on the cost of living, Erie has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.

Compared to Colorado, Erie has a cost of living index that's 1.2x higher than Colorado's index of 104.

The standard of living in Erie ranks as #85 most affordable out of the 111 places we measured in Colorado. By definition, that implies Erie ranks as the #26 most expensive place in the Centennial State.

For more reading on life in Erie, check out:

85 out of 111
In Colorado
5,140 out of 6,412
In America

Erie Cost Of Living Vs. Colorado

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

  • The Services index in Erie is 102.

  • The Groceries index in Erie is 88.

  • The Health index in Erie is 99.

  • The Housing index in Erie is 192.

  • The Transportation index in Erie is 105.

  • The Utilities index in Erie is 81.

Living Expense Erie Colorado National Average
Overall 127 104 100
Services 102 102 100
Groceries 88 99 100
Health 99 100 100
Housing 192 116 100
Transportation 105 104 100
Utilities 81 90 100
For more reading on cost of living around Colorado, check out:
Erie Cost of Living Vs. CO

Erie, 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 Erie is $565,500.

  • The Median Rent in Erie is $2,564.

  • The Median Income in Erie is $140,409.

  • The Home Value To Income in Erie is 4.0x.

  • The Rent To Monthly Income in Erie is 0.22x.

Statistic Erie Colorado United States
Median Home Value $565,500 $397,500 $244,900
Median Rent $2,564 $1,437 $1,163
Median Income $140,409 $80,184 $69,021
Home Value To Income 4.0x 5.0x 3.5x
Rent To Monthly Income 0.22x 0.22x 0.2x
Search Homes For Sale In Erie, CO
$565,500
Median Home Value
$2,564
Median Rent
$140,409
Median Income

Erie, CO Costs By Category

Detailed Erie Services Costs Vs. Colorado

Item Erie 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 Erie Groceries Costs Vs. Colorado

Item Erie 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 Erie Health Costs Vs. Colorado

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

Detailed Erie Transportation Costs Vs. Colorado

Item Erie Colorado
Gasoline $2.24 $2.22
Tire Balancing $59.83 $50.07

Detailed Erie Utilities Costs Vs. Colorado

Item Erie Colorado
All Electricity $103.99 $167.67
Phone $187.21 $175.64

Erie SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9.5
Affordability
6
Diversity
8
Safety
8
Amenities
8
Education
9.5
Commute
5

Cost Of Living In Cities Around Erie

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

  • Broomfield, CO has a cost of living index of 120, 0.9x Erie.

  • Brighton, CO has a cost of living index of 103, 0.8x Erie.

  • Northglenn, CO has a cost of living index of 103, 0.8x Erie.

City Population Cost Of Living Vs. Erie
Broomfield, CO 72,697 120 0.9x
Brighton, CO 39,895 103 0.8x
Northglenn, CO 37,899 103 0.8x
Wheat Ridge, CO 32,340 110 0.9x
Lafayette, CO 30,307 118 0.9x
Louisville, CO 21,091 132 1.0x
Sherrelwood, CO 20,069 98 0.8x
Welby, CO 16,260 97 0.8x
Firestone, CO 15,949 111 0.9x
Frederick, CO 14,127 110 0.9x

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