Cost of Living in Westminster, CO

Population 115,546 · Colorado · Data vintage 2023

153
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Westminster's cost indicators track within a reasonable band of national figures, with median household incomes near $96,145 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cost Overview

Housing 163
Rent 138

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

About the Cost of Living in Westminster

The median home value in Westminster is $497,400 — 63% above the national median of $305,000. Median rent runs $1,816/month, 38% higher than the national median of $1,314/month. The median household income of $96,145/year is 29% higher than the US median of $74,580. The local unemployment rate is 3.8%, 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, Westminster has a cost of living index of 153 versus the US average of 100, meaning it is 53% more expensive.

🏠 Housing

Median Home Value
$497,400
63% above avg
Zillow Home Value
$520,025
Zillow ZHVI
Median Rent
$1,816/mo
38% above avg
Zillow Rent
$1,788/mo
Zillow ZORI
Price-to-Rent Ratio
22.8x
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 63.7%
Renter-occupied 36.3%

💰 Estimated Monthly Budget

Rent median rent
$1,816
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,430/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
28.7 min
6% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.7%

Commute Mode

Drove alone
69.8%
Carpooled
7.1%
Public transit
1.8%
Walked
0.9%
Bicycle
0.5%
Work from home
18.7%

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
$96,145
29% above avg
Per Capita Income
$51,982
Unemployment Rate
3.8%
22% below avg
Poverty Rate
7.0%
Labor Force Participation
73.0%

🎓 Education

Bachelor's degree+ 29.8%
Graduate degree 14.2%

👥 Demographics

Median Age 37.5
Male median age 36.5
Female median age 38.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
49%
Good air days/yr
174
Max AQI recorded
112
PM2.5 days
180
Ozone days

Frequently Asked Questions

What is the cost of living in Westminster, CO?

Westminster has a cost index of 153 (100 = national average). It is 53% above the national average.

What is average rent in Westminster, CO?

The median gross rent in Westminster is $1,816 per month based on 2023 Census data.

What is the average home price in Westminster?

The median home value in Westminster is $497,400 according to Zillow and Census data.

What is the median income in Westminster?

The median household income in Westminster is $96,145 per year (2023 ACS 5-year estimates).

What is the sales tax in Westminster, CO?

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

Is Westminster, CO affordable?

Westminster is above average in cost of living, with an index of 153 — about 53% higher than the national average.