Cost of Living in Woodmoor, CO

Population 8,819 · Colorado · Data vintage 2023

207
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Woodmoor's housing market reflects its status as a high-earning metro: $703,000 for a typical home, 130% above the US median, paired with household incomes around $174,138 that put it in the upper third of the state.

Woodmoor sits roughly 15 miles north of Colorado Springs — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 67% higher than Colorado Springs' $421,000.

Cost Overview

Housing 230
Rent 172

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

About the Cost of Living in Woodmoor

The median home value in Woodmoor is $702,900 — 130% above the national median of $305,000. Median rent runs $2,257/month, 72% higher than the national median of $1,314/month. The median household income of $174,138/year is 133% higher than the US median of $74,580. The local unemployment rate is 4.0%, 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, Woodmoor has a cost of living index of 207 versus the US average of 100, meaning it is 107% more expensive.

🏠 Housing

Median Home Value
$702,900
130% above avg
Median Rent
$2,257/mo
72% above avg
Price-to-Rent Ratio
26.0x
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 90.3%
Renter-occupied 9.7%

💰 Estimated Monthly Budget

Rent median rent
$2,257
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,871/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
30.4 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
27.9%

Commute Mode

Drove alone
67.7%
Carpooled
2.4%
Walked
0.3%
Bicycle
0.7%
Work from home
27.9%

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
$174,138
133% above avg
Per Capita Income
$69,654
Unemployment Rate
4.0%
17% below avg
Poverty Rate
2.2%
Labor Force Participation
60.1%

🎓 Education

Bachelor's degree+ 31.6%
Graduate degree 30.7%

👥 Demographics

Median Age 49
Male median age 47.2
Female median age 51.5

💨 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 Woodmoor, CO?

Woodmoor has a cost index of 207 (100 = national average). It is 107% above the national average.

What is average rent in Woodmoor, CO?

The median gross rent in Woodmoor is $2,257 per month based on 2023 Census data.

What is the average home price in Woodmoor?

The median home value in Woodmoor is $702,900 according to 2023 Census ACS data.

What is the median income in Woodmoor?

The median household income in Woodmoor is $174,138 per year (2023 ACS 5-year estimates).

What is the sales tax in Woodmoor, CO?

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

Is Woodmoor, CO affordable?

Woodmoor is above average in cost of living, with an index of 207 — about 107% higher than the national average.

Woodmoor at a Glance

Population
8,819
Median Income
$174,138
Home Value
$702,900
Median Rent
$2,257/mo
Unemployment
4.0%
Sales Tax
7.8%
View all cities in Colorado →
🗺️ County data for Colorado

Explore county-level cost of living data

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