Cost of Living in Ellicott, CO

With a cost of living index of 77, Ellicott, CO is a very affordable place to live. Living here is 23% cheaper than the national average and 37% below the Colorado state average of 114. Ellicott is a small community of 1,337 residents.

The median household income in Ellicott is $55,822, which is 26% lower than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Colorado Springs, CO (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.