Cost of Living in Simla, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.7
100 = national avg
+7.7 vs national average
Living Wage (1 Adult)
$47,386
per year
Living Wage (Family of 4)
$112,002
per year
Cost Index by Category
Housing114.8
Transportation93.2
Utilities104.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,754
per month
2 Bedroom
$2,089
per month
The overall cost of living index in Simla is 107.7, which is 7.7% above the national average. Housing costs are above the national average at an index of 114.8. A single adult needs to earn approximately $47,386 per year to cover basic expenses.