Cost of Living in Four Square Mile, CO

With a cost of living index of 128, Four Square Mile, CO is a notably expensive place to live. Living here is 28% more expensive than the national average and 14% above the Colorado state average of 114. Four Square Mile is a smaller community of 21,788 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Four Square Mile's cost of living. The median monthly rent is $1,796 (36% above the US median of $1,319), and the median home value sits at $448,200 (47% above the national median of $304,900). At current prices, the median home costs roughly 6.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Four Square Mile is $73,318, which is 2% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Everyday prices in the Denver-Aurora-Centennial, CO (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher 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.