Cost of Living in Woodland Park, CO

Population 7,909 · Colorado · Data vintage 2023

156
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Woodland Park a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $489,000.

Woodland Park sits roughly 20 miles northwest of Colorado Springs — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 16% higher than Colorado Springs' $421,000.

Cost Overview

Housing 160
Rent 150

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

About the Cost of Living in Woodland Park

The median home value in Woodland Park is $489,400 — 60% above the national median of $305,000. Median rent runs $1,971/month, 50% higher than the national median of $1,314/month. The median household income of $96,896/year is 30% higher than the US median of $74,580. The local unemployment rate is 3.3%, 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, Woodland Park has a cost of living index of 156 versus the US average of 100, meaning it is 56% more expensive.

🏠 Housing

Median Home Value
$489,400
60% above avg
Zillow Home Value
$525,394
Zillow ZHVI
Median Rent
$1,971/mo
50% above avg
Zillow Rent
$1,874/mo
Zillow ZORI
Price-to-Rent Ratio
20.7x
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 76.1%
Renter-occupied 23.9%

💰 Estimated Monthly Budget

Rent median rent
$1,971
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,585/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
28.8 min
7% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.3%

Commute Mode

Drove alone
69.7%
Carpooled
8.8%
Walked
1.2%
Bicycle
0.2%
Work from home
18.3%

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
$96,896
30% above avg
Per Capita Income
$48,030
Unemployment Rate
3.3%
31% below avg
Poverty Rate
8.4%
Labor Force Participation
59.9%

🎓 Education

Bachelor's degree+ 24.2%
Graduate degree 17.5%

👥 Demographics

Median Age 40.5
Male median age 40.2
Female median age 40.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
65.8%
Good air days/yr
154
Max AQI recorded
31
PM2.5 days
334
Ozone days

Frequently Asked Questions

What is the cost of living in Woodland Park, CO?

Woodland Park has a cost index of 156 (100 = national average). It is 56% above the national average.

What is average rent in Woodland Park, CO?

The median gross rent in Woodland Park is $1,971 per month based on 2023 Census data.

What is the average home price in Woodland Park?

The median home value in Woodland Park is $489,400 according to Zillow and Census data.

What is the median income in Woodland Park?

The median household income in Woodland Park is $96,896 per year (2023 ACS 5-year estimates).

What is the sales tax in Woodland Park, CO?

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

Is Woodland Park, CO affordable?

Woodland Park is above average in cost of living, with an index of 156 — about 56% higher than the national average.

Woodland Park at a Glance

Population
7,909
Median Income
$96,896
Home Value
$489,400
Median Rent
$1,971/mo
Unemployment
3.3%
Sales Tax
7.8%
View all cities in Colorado →
🗺️ County data for Colorado

Explore county-level cost of living data

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