Cost of Living in Littleton, Colorado 2018

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Services for Real Estate Pros with InboundREM

Littleton, Colorado Cost of Living Report for 2018

What is Cost of Living?

Cost of living is the combined amount a person has to spend to pay for day to day expenses in a particular place. There is a lot of factors that can affect the total cost of living which includes housing prices for renters or homeowners, food and groceries, transportation expenses, healthcare, utilities, taxes, and more. Properly managing all monetary expenses will help any adult in planning for his future finances and costs.

Cost of Living in Littleton, Colorado 2018

Check out our original neighborhood post at https://littletoncoloradohomesforsale.com/

 

2018 Cost of Living in Littleton, Colorado

An excellent way to predict your regular expenses if you decide to move into Littleton, Colorado is by reviewing the cost of living index. The index provides data on the difference in expenditures in comparison to other areas of the country. Different regions of Littleton can have varying costs of living and knowing which neighborhood best matches your finances will help you in the long run.

Based on the information available some factors you should consider for your budget are:

Goods and Services (33%)
Housing (30%)
Groceries (13%)
Utilities (10%)
Transportation (9%)
Healthcare (5%)

Infographic of 2018 Cost of Living in Littleton, CO

Check out our original neighborhood post at https://littletoncoloradohomesforsale.com/ 

 

Housing Costs in Littleton

The real estate market in Littleton has been stable for many years and it provides excellent investment opportunities for buyers. Mortgage rates are relatively low in comparison to the national average. One factor you should consider is that rent prices have been trending up and in some parts of Littleton it is becoming more expensive for the median wage earners in the region.

A Two-Storey House Surrounded by Trees | Cost of Living in Littleton, Colorado 2018

Utility Bills

Utility costs in the city of Littleton are lower by 6% compared to the national index. The average electricity rate for residential properties in Littleton is 11.05¢/kWh, 3.58% lower than the Colorado average rate of 11.46¢/kWh, and 6.99% lower compared to the national average price of 11.88¢/kWh. Residential electricity rates in the United States range from 8.37¢/kWh to 37.34¢/kWh. The average monthly cost of electric consumption in Littleton is $129.57, 21.9% lower than that on the national scale which is $165.96. Average monthly phone charges are $32.29, 12.6% higher than the national average of $28.68.

Food and Groceries 

Food and grocery costs in Littleton are lower in comparison to the national average by 2%. Mile prices are $1.72, 14.3% lower than the average price of $2.01. Pizza costs less as well at $9.26 compared to the $9.89 average price. Other expenses such as a haircut is around $19.24, 19.6% higher than the average $16.09 cost. Moviegoers will have to pay more because average ticket in the city costs $12.42 which is 20.8% higher than the national average of $10.28.

Taxes

Some taxes you should consider before moving into Colorado are sales and income taxes. Sales tax in Colorado is 2.9% while income tax is around 4.63%. Littleton sales tax is higher at 7.3%, and income tax is 4.6%.

Transportation Expenses

Transportation expenses in Littleton is approximately 6% higher than the national average and 2% higher compared to the city average. The average gallon of gasoline in the city costs $2.25. 

Healthcare Costs 

Visiting the doctor is 2% more expensive in Littleton compared to Denver and it is 5% higher than the national average. Dentists and optometrists tend to have lower costs while general practitioners are more costly in Littleton compared to the national index.

Standard home in Littleton, Colorado | Cost of Living in Littleton, Colorado 2018

 

Check out our original neighborhood post at https://littletoncoloradohomesforsale.com/ 

If you would like to receive a FREE Competitive Market Analysis, contact me today!

Let Me Help You Find Your Littleton, Colorado Home!

If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at (303) 587-5757.

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POSTED BY
Justin Joseph Realtor/Owner
5280 Premier Properties
Keller Williams Realty Downtown LLC
901 Auraria Parkway, Ste 304
Denver, Colorado 80204
(303) 587-5757
We Care about where You Live.

 

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