Lamar, CO Cost Of Living
Cost Of Living In Lamar, CO Summary
Cost of living in Lamar 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 Lamar 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 Lamar is 83, with 100 being the average.
The cost of living index in Lamar is 0.8x lower than the national average.
Lamar ranks as the #2 cheapest in Colorado out of 111.
Lamar ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Lamar is $105,700.
The median income in Lamar is $43,764.
Table Of Contents
Lamar's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lamar, CO?
According to the most recent data on the cost of living, Lamar has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Colorado, Lamar has a cost of living index that's 0.8x lower than Colorado's index of 104.
The standard of living in Lamar ranks as #2 most affordable out of the 111 places we measured in Colorado. By definition, that implies Lamar ranks as the #109 most expensive place in the Centennial State.
For more reading on life in Lamar, check out:
- Living In Lamar
- Lamar Crime Report
- Search Homes For Sale In Lamar, CO
In Colorado
In America
Lamar Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Lamar. Here is how it fairs on each of the criteria:
The Services index in Lamar is 94.
The Groceries index in Lamar is 100.
The Health index in Lamar is 94.
The Housing index in Lamar is 49.
The Transportation index in Lamar is 102.
The Utilities index in Lamar is 90.
| Living Expense | Lamar | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 83 | 104 | 100 | |
| Services | 94 | 102 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 94 | 100 | 100 | |
| Housing | 49 | 116 | 100 | |
| Transportation | 102 | 104 | 100 | |
| Utilities | 90 | 90 | 100 | |
Lamar, 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 Lamar is $105,700.
The Median Rent in Lamar is $734.
The Median Income in Lamar is $43,764.
The Home Value To Income in Lamar is 2.4x.
The Rent To Monthly Income in Lamar is 0.2x.
| Statistic | Lamar | Colorado | United States |
|---|---|---|---|
| Median Home Value | $105,700 | $397,500 | $244,900 |
| Median Rent | $734 | $1,437 | $1,163 |
| Median Income | $43,764 | $80,184 | $69,021 |
| Home Value To Income | 2.4x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Lamar, CO Costs By Category
Detailed Lamar Services Costs Vs. Colorado
Detailed Lamar Groceries Costs Vs. Colorado
Detailed Lamar Health Costs Vs. Colorado
Detailed Lamar Transportation Costs Vs. Colorado
Detailed Lamar Utilities Costs Vs. Colorado
Lamar SnackAbility
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