Cost of Living in Larkspur, CO

With a cost of living index of 89, Larkspur, CO is a very affordable place to live. Living here is 11% cheaper than the national average and 25% below the Colorado state average of 114. Larkspur is a small community of 171 residents.

Housing costs are the biggest factor in Larkspur's cost of living. The median monthly rent is $1,281 (3% below the US median of $1,319), and the median home value sits at $155,600 (49% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Larkspur is $88,125, which is 17% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.