Cost of Living in Penrose, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
116.2
100 = national avg
+16.2 vs national average
Living Wage (1 Adult)
$51,119
per year
Living Wage (Family of 4)
$120,827
per year
Cost Index by Category
Housing125.9
Food107.4
Transportation114.8
Healthcare105.9
Utilities109.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$948
per month
2 Bedroom
$1,244
per month
The overall cost of living index in Penrose is 116.2, which is 16.2% above the national average. Housing costs are above the national average at an index of 125.9. A single adult needs to earn approximately $51,119 per year to cover basic expenses.