Cost of Living in Severance, CO
Population 9,302 · Colorado · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Severance a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $494,000.
Geographically, Severance sits roughly 7 miles northwest of Greeley. Median home values run roughly 34% higher than Greeley's $370,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Severance
The median home value in Severance is $493,800 — 62% above the national median of $305,000. Median rent runs $2,108/month, 60% higher than the national median of $1,314/month. The median household income of $127,257/year is 71% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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, Severance has a cost of living index of 161 versus the US average of 100, meaning it is 61% more expensive.
Severance 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 Severance, CO?
Severance has a cost index of 161 (100 = national average). It is 61% above the national average.
What is average rent in Severance, CO?
The median gross rent in Severance is $2,108 per month based on 2023 Census data.
What is the average home price in Severance?
The median home value in Severance is $493,800 according to Zillow and Census data.
What is the median income in Severance?
The median household income in Severance is $127,257 per year (2023 ACS 5-year estimates).
What is the sales tax in Severance, CO?
The combined state and local sales tax rate in Severance is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Severance, CO affordable?
Severance is above average in cost of living, with an index of 161 — about 61% higher than the national average.
Severance at a Glance
- Population
- 9,302
- Median Income
- $127,257
- Home Value
- $493,800
- Median Rent
- $2,108/mo
- Unemployment
- 3.1%
- Sales Tax
- 7.8%
Explore county-level cost of living data
Colorado Rankings
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