Cost of Living in Greenwood Village, CO

Population 15,485 · Colorado · Data vintage 2023

303
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Greenwood Village sits 298% above the national median — $1.2 million for the typical home — but median household incomes near $145,781 (95% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Geographically, Greenwood Village is part of the immediate Centennial metro area. Median home values run roughly 94% higher than Centennial's $627,000.

Cost Overview

Housing 398
Rent 161

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Greenwood Village

The median home value in Greenwood Village is $1,213,300 — 298% above the national median of $305,000. Median rent runs $2,119/month, 61% higher than the national median of $1,314/month. The median household income of $145,781/year is 95% higher than the US median of $74,580. The local unemployment rate is 3.5%, below 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, Greenwood Village has a cost of living index of 303 versus the US average of 100, meaning it is 203% more expensive.

🏠 Housing

Median Home Value
$1,213,300
298% above avg
Zillow Home Value
$1,395,140
Zillow ZHVI
Median Rent
$2,119/mo
61% above avg
Zillow Rent
$1,933/mo
Zillow ZORI
Price-to-Rent Ratio
47.7x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$884
1 BR
$960
2 BR
$1,251
3 BR
$1,611
4 BR
$2,004
Owner-occupied 63.9%
Renter-occupied 36.1%

💰 Estimated Monthly Budget

Rent median rent
$2,119
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,733/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.5 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
30.3%

Commute Mode

Drove alone
60.7%
Carpooled
3.7%
Public transit
1.8%
Walked
2.0%
Bicycle
0.7%
Work from home
30.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.4%
Total Sales Tax 7.8%
State rate 2.9%
Avg local rate 4.9%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$145,781
95% above avg
Per Capita Income
$110,266
Unemployment Rate
3.5%
26% below avg
Poverty Rate
4.9%
Labor Force Participation
63.4%

🎓 Education

Bachelor's degree+ 43.4%
Graduate degree 35.6%

👥 Demographics

Median Age 46.2
Male median age 46.5
Female median age 45.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
65.5%
Good air days/yr
136
Max AQI recorded
14
PM2.5 days
351
Ozone days

Frequently Asked Questions

What is the cost of living in Greenwood Village, CO?

Greenwood Village has a cost index of 303 (100 = national average). It is 203% above the national average.

What is average rent in Greenwood Village, CO?

The median gross rent in Greenwood Village is $2,119 per month based on 2023 Census data.

What is the average home price in Greenwood Village?

The median home value in Greenwood Village is $1,213,300 according to Zillow and Census data.

What is the median income in Greenwood Village?

The median household income in Greenwood Village is $145,781 per year (2023 ACS 5-year estimates).

What is the sales tax in Greenwood Village, CO?

The combined state and local sales tax rate in Greenwood Village is 7.8%. The Colorado state income tax top rate is 4.4%.

Is Greenwood Village, CO affordable?

Greenwood Village is above average in cost of living, with an index of 303 — about 203% higher than the national average.

Greenwood Village at a Glance

Population
15,485
Median Income
$145,781
Home Value
$1,213,300
Median Rent
$2,119/mo
Unemployment
3.5%
Sales Tax
7.8%
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🗺️ County data for Colorado

Explore county-level cost of living data

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