Fairmount, CO Cost Of Living
Cost Of Living In Fairmount, CO Summary
Cost of living in Fairmount 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 Fairmount 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 Fairmount is 128, with 100 being the average.
The cost of living index in Fairmount is 1.3x higher than the national average.
Fairmount ranks as the #88 cheapest in Colorado out of 111.
Fairmount ranks as the #5,183 cheapest out of 6,412 in the US.
The median home value in Fairmount is $611,200.
The median income in Fairmount is $139,412.
Table Of Contents
Fairmount's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fairmount, CO?
According to the most recent data on the cost of living, Fairmount has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to Colorado, Fairmount has a cost of living index that's 1.2x higher than Colorado's index of 104.
The standard of living in Fairmount ranks as #88 most affordable out of the 111 places we measured in Colorado. By definition, that implies Fairmount ranks as the #23 most expensive place in the Centennial State.
For more reading on life in Fairmount, check out:
- Living In Fairmount
- Search Homes For Sale In Fairmount, CO
In Colorado
In America
Fairmount Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Fairmount. Here is how it fairs on each of the criteria:
The Services index in Fairmount is 105.
The Groceries index in Fairmount is 89.
The Health index in Fairmount is 96.
The Housing index in Fairmount is 203.
The Transportation index in Fairmount is 108.
The Utilities index in Fairmount is 80.
| Living Expense | Fairmount | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 128 | 104 | 100 | |
| Services | 105 | 102 | 100 | |
| Groceries | 89 | 99 | 100 | |
| Health | 96 | 100 | 100 | |
| Housing | 203 | 116 | 100 | |
| Transportation | 108 | 104 | 100 | |
| Utilities | 80 | 90 | 100 | |
Fairmount, 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 Fairmount is $611,200.
The Median Rent in Fairmount is $1,868.
The Median Income in Fairmount is $139,412.
The Home Value To Income in Fairmount is 4.4x.
The Rent To Monthly Income in Fairmount is 0.16x.
| Statistic | Fairmount | Colorado | United States |
|---|---|---|---|
| Median Home Value | $611,200 | $397,500 | $244,900 |
| Median Rent | $1,868 | $1,437 | $1,163 |
| Median Income | $139,412 | $80,184 | $69,021 |
| Home Value To Income | 4.4x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Fairmount, CO Costs By Category
Detailed Fairmount Services Costs Vs. Colorado
Detailed Fairmount Groceries Costs Vs. Colorado
Detailed Fairmount Health Costs Vs. Colorado
Detailed Fairmount Transportation Costs Vs. Colorado
Detailed Fairmount Utilities Costs Vs. Colorado
Fairmount SnackAbility
/10
Cost Of Living In Cities Around Fairmount
The cost of living varies in the cities and towns around Fairmount. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 116, 0.9x Fairmount.
Lakewood, CO has a cost of living index of 115, 0.9x Fairmount.
Arvada, CO has a cost of living index of 109, 0.9x Fairmount.
| City | Population | Cost Of Living | Vs. Fairmount |
|---|---|---|---|
| Denver, CO | 706,799 | 116 | 0.9x |
| Lakewood, CO | 155,608 | 115 | 0.9x |
| Arvada, CO | 122,903 | 109 | 0.9x |
| Englewood, CO | 33,500 | 111 | 0.9x |
| Wheat Ridge, CO | 32,340 | 110 | 0.9x |
| Central, LA | 29,746 | 96 | 0.8x |
| Sherrelwood, CO | 20,069 | 98 | 0.8x |
| Golden, CO | 20,041 | 127 | 1.0x |
| Welby, CO | 16,260 | 97 | 0.8x |
| Federal Heights, CO | 14,111 | 80 | 0.6x |
