We use a US average of 100 to calculate our cost of living indexes. Anything below 100 indicates Boulder Colorado is more affordable than the US average. Whereas Boulder Colorado is more expensive than the US average because the cost of living index is above 100.
Cost of Living in Boulder 2022
|COST OF LIVING||Boulder||Colorado||USA|
|Median Home Cost||$941,000||$488,600||$291,700|
While California might be considered an expensive state, Boulder in Colorado is even more expensive with its 13.5% higher rent prices, 21.6% higher restaurant prices and 6.75% higher grocery prices.
The rent of a 1 bedroom apartment is around $1700, not including the utilities which are an additional $124. This cost is has to be covered in your basic monthly salary which on average is around $4500.
Cost of living in Boulder Detailed
|Basic (Electricity, Heating, Cooling, Water, Garbage)||124.11 $||80.00–200.00|
|Local Prepaid Mobile Tariff||0.05 $|
Clothing And Shoes
|Pair of Jeans||47.14 $||40.00–60.00|
|Summer Dress||42.17 $||30.00–63.00|
|Pair of Nike Running Shoes||92.86 $||70.00–120.00|
|Pair of Men’s Leather Shoes||125.83 $||90.00–160.00|
Rent Per Month
|Apartment (1 bedroom) in center of the city||1,690.00 $||1,500.00–2,000.00|
|Apartment (1 bedroom) Outside of the city||1,456.38 $||1,200.00–1,700.00|
|Apartment (3 bedrooms) in center of the city||3,214.29 $||2,500.00–3,800.00|
|Apartment (3 bedrooms) Outside of the city||2,542.86 $||2,000.00–3,200.00|
Buy Apartment Price
|Price / Square Meter in city||12,126.95 $||7,751.20–19,091.76|
|Price / Square Meter Outside||4,438.42 $||4,344.65–4,542.37|
Salaries And Financing
|Average Monthly Salary||4,520.94 $|
|Mortgage Interest Rate (%), Yearly, Fixed-Rate||4.47||3.50–5.00|
Overview of living in Boulder:
In general terms of the total cost of living, Boulder is a decent costing city to reside in. If rent and utilities are compared to the average monthly salary, it is not a bad ratio. But if compared to other major US cities, the price of monthly living in Boulder is slightly higher.
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