Monday, August 8, 2011

Elder economic security: True cost of living for elders in Colorado much higher than most income benchmarks

For single elders in good health, the statewide Colorado Elder Index is $17,664 for homeowners without a mortgage, $21,828 for renters and $28,260 for homeowners with a mortgage. This represents the living expense costs (housing, health care, transportation, food and miscellaneous) for elders age 65+ in Colorado. The Elder Index is much higher than other commonly used income benchmarks.

For more insights on the true cost of living for elders in Colorado, including estimates for each of the state's 64 counties, check the Elder Economic Security Standard Index for Colorado.

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