Executive Financial Report: Elizabeth (80107)
Evaluating relocation options in Elbert? The financial benchmark for residing in Elizabeth, CO (80107) indicates that a single worker needs roughly $3,906 monthly ($46,867.588 annually) to maintain an adequate standard of living.
Shelter expenses in Elizabeth occupy a healthy and balanced 26% share of monthly expenditures, averaging $1,011 per month for rent and utility baselines. This moderate allocation provides residents with sufficient budget elasticity to cover transportation, healthcare, and personal savings goals.
Local earnings in Elizabeth (80107) demonstrate strong purchasing power. The area median family income of $114,598 significantly exceeds the annual baseline living threshold ($46,867.588) by a ratio of 2.45x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
Tax obligations represent roughly 16% ($639/month) of baseline monthly spending in zip code 80107. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $303 monthly for single adults.
In summary, living in Elizabeth, CO requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 80107 against other US destinations.