Cost of Living in Dove Creek, Colorado

Dove Creek is a town in Dolores County, Colorado, with a population of 673. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Dove Creek is $39,283 a year — about the same as the annual cost of living for Colorado of $40,026 and roughly in line with the national figure of $38,433.

Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Dove Creek and over 29,000 other cities and towns in the US.

Housing Costs in Dove Creek, Colorado

Housing is one of the largest components of cost of living. In Dove Creek, the median home value is $86,800, less than the national median home value of $204,900.

Renting is a sometimes lower cost alternative to homeownership. In Dove Creek, some 19.60% of occupied homes are rented, less than the 36.2% national renter rate. The typical renter in Dove Creek spends $578 a month on housing, less than the $1,023 national median monthly rent.

In addition to home value, one of the largest determinants of housing affordability is area income. While nationwide the price of a typical U.S. home is 3.4 times the $60,293 U.S. median household income, housing affordability ratios range from approximately 1.0 in the least expensive cities to more than 10.0 in the country's most expensive markets. In Dove Creek, the median household income is $50,987, 1.7 times the median home value.

Transportation Costs in Dove Creek, Colorado

Transportation can also be a significant component of cost of living. In Dove Creek, 75.50% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 31.70% of workers commute to jobs outside of Dove Creek, a smaller share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Dove Creek is 17.4 minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Dove Creek spends $12,345 a year on transportation, more than the national average of $9,760.

Health Care Costs in Dove Creek, Colorado

Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far higher than they are on average nationwide in Dove Creek and also well above what they are across Colorado as a whole.

For a single adult living in the area, average health care costs come out to $5,083 per year, compared to an average of $4,081 across Colorado and $4,266 nationwide.

Child care Costs in Dove Creek, Colorado

For families with children, child care adds thousands of dollars to overall annual spending. In Dove Creek, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $11,190, about $7,000 less than the comparable average of $18,193 across all of Colorado. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.

Food Costs in Dove Creek, Colorado

Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.

In Dove Creek, a single adult spends an average of $3,627 on food annually, and a family of four spends $10,473 on average. For context, average annual food expenditure across Colorado and the U.S., respectively, are $3,332 and $3,240 for a single adult, and $9,624 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.

Taxes in Dove Creek, Colorado

Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Dove Creek, Colorado pays $6,829 annually — closely in line with the statewide average of $7,011.

It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Dove Creek residents live in a state with a low average tax burden. Per capita state tax collections in Colorado total $2,599 per year, compared to the $3,151 average across all states.

Methodology

To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.

Read More About Cost of Living

24/7 Wall St. has published detailed cost of living analysis for all 50 states and over 29,000 cities across the country. Search for a city or state to view here:

See a list of all available cities in Colorado by clicking here.

More Topics

Click here to see detailed analysis about crime in every state
Click here to see updated data about coronavirus in every state

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.