Frederick, CO, shows a higher cost of living index compared to the nationwide average. Housing, in particular, stands at 25% above the national average, which is set at 100. While utilities are slightly lower at 5% below average, other categories such as groceries and healthcare also surpass the national figures by 10%.
Professionals considering Frederick, CO, should note these variations in cost. The overall cost of living index in Frederick reflects a 12% increase compared to the national average. This rise stems from higher expenses in key areas, influencing potential relocation decisions.
The cost of living index in Frederick, CO, provides a clear picture of how the expenses compare to the nationwide average, which is set at 100. In Frederick, housing costs stand at 125, indicating that job seekers should expect to spend 25% more on housing than the national average. This higher index reflects the demand and scarcity of available housing, which can be a significant factor for those considering a move.
Other essential costs also differ from the average. Groceries in Frederick are 10% higher than the national average, at 110. Utilities, however, are slightly below the national average, with an index of 95, meaning utility costs are 5% cheaper. Transportation costs show a 5% increase with an index of 105, while healthcare expenses remain close to the national average at 110. Miscellaneous costs are at 102, indicating a modest 2% increase. Understanding these indexes helps job seekers make informed decisions about potential relocations and budget planning.
