Cost of Living in Towaoc, CO

With a cost of living index of 71, Towaoc, CO is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 43% below the Colorado state average of 114. Towaoc is a small community of 1,058 residents.

The median household income in Towaoc is $23,661, which is 69% lower than the national median of $75,149. Residents spend roughly 18% 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.

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.