Cost of Living in Applewood, CO
Population 8,120 · Colorado · Data vintage 2023
(100 = US avg)
Home prices in Applewood run well above the national baseline, with a median of $725,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $128,988 place the city among the better-paid Colorado metros. At 6.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Applewood is part of the immediate Lakewood metro area. Median home values run roughly 32% higher than Lakewood's $548,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Applewood
The median home value in Applewood is $725,300 — 138% above the national median of $305,000. Median rent runs $2,142/month, 63% higher than the national median of $1,314/month. The median household income of $128,988/year is 73% higher than the US median of $74,580. The local unemployment rate is 6.1%, above the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Applewood has a cost of living index of 208 versus the US average of 100, meaning it is 108% more expensive.
Applewood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Applewood, CO?
Applewood has a cost index of 208 (100 = national average). It is 108% above the national average.
What is average rent in Applewood, CO?
The median gross rent in Applewood is $2,142 per month based on 2023 Census data.
What is the average home price in Applewood?
The median home value in Applewood is $725,300 according to 2023 Census ACS data.
What is the median income in Applewood?
The median household income in Applewood is $128,988 per year (2023 ACS 5-year estimates).
What is the sales tax in Applewood, CO?
The combined state and local sales tax rate in Applewood is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Applewood, CO affordable?
Applewood is above average in cost of living, with an index of 208 — about 108% higher than the national average.
Applewood at a Glance
- Population
- 8,120
- Median Income
- $128,988
- Home Value
- $725,300
- Median Rent
- $2,142/mo
- Unemployment
- 6.1%
- Sales Tax
- 7.8%
Nearby Cities
Explore county-level cost of living data
Colorado Rankings
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