Cost of Living in Boone, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.2
100 = national avg
-1.8 vs national average
Living Wage (1 Adult)
$43,223
per year
Living Wage (Family of 4)
$102,165
per year
Cost Index by Category
Housing77.3
Food107.5
Transportation114.9
Healthcare106.0
Utilities99.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$967
per month
2 Bedroom
$1,269
per month
The overall cost of living index in Boone is 98.2, which is 1.8% below the national average. Housing costs are below the national average at an index of 77.3. A single adult needs to earn approximately $43,223 per year to cover basic expenses.