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Cost of Living Comparison 2026

๐Ÿ“ Homewood, AL โ€” ZIP-level rent data ยท COL adjusted from Birmingham, AL area

$

Numbers update automatically as you type

You'd spend $2.4K/month more in Denver, CO

$150.0K in your current city equals $178.9K in Denver, CO

Rent data from HUD ZIP-level estimates ยท COL index from Birmingham-Hoover, AL area
Overall Cost
โ†‘ 32.1%
More expensive
Monthly Impact
$2,408
Extra cost
Annual Impact
$28.9K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Homewood, AL

Population:28K
Cost Index:100
Median Home:$502K

Denver, CO

Population:716K
Cost Index:132
Median Home:$513K

Homewood, AL

The Heart of Dixie

28K
Population
State Tax
Yes

Located in Alabama, this city has a population of 28K residents.

Denver, CO

The Centennial State

716K
Population
State Tax
Yes
Climate
Semi-arid

Notable Facts

  • โ€ขMile-high city (5,280 ft)
  • โ€ขOutdoor recreation hub
  • โ€ขMajor cannabis market

Major Industries

AerospaceTechnologyEnergyTourism

Cost Breakdown by Category

Annual spending: Homewood, AL vs Denver, CO

๐Ÿ Housing
โ†‘ 96.1%
Homewood, AL
$1,656
Denver, CO
$3,248
Difference
$1,592
more
๐Ÿš—Transportation
โ†‘ 27.0%
Homewood, AL
$1,150
Denver, CO
$1,462
Difference
$311
more
๐Ÿ“ฆOther
โ†‘ 17.8%
Homewood, AL
$1,506
Denver, CO
$1,774
Difference
$268
more
๐ŸฅHealthcare
โ†‘ 25.6%
Homewood, AL
$503
Denver, CO
$632
Difference
$129
more
๐Ÿ›’Groceries
โ†‘ 9.7%
Homewood, AL
$938
Denver, CO
$1,029
Difference
$90.78
more
โšกAll Utilities
โ†“ 1.9%
Homewood, AL
$529
Denver, CO
$519
Difference
$10.11
less

๐Ÿ›๏ธ Local Income Taxes

Denver, CO: Denver Head Tax ($5.75/mo, negligible)$69.00/yr (0.0%)

Homewood, AL has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

๐Ÿ Rent Comparison

Studio
From$1,041
To$1,720
โ†‘ $679
1 Bed
From$1,171
To$1,840
โ†‘ $669
2 Bed
From$1,285
To$2,190
โ†‘ $905
3 Bed
From$1,611
To$2,870
โ†‘ $1,259
Homewood, ALZIP-level data

1BR range: $1,440โ€“$1,440/mo

Denver, COZIP-level data

1BR range: $1,620โ€“$2,540/mo

๐Ÿ’ก Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,284
Monthly in Homewood, AL
$8,665
Monthly in Denver, CO
$2,381
Difference

Home Values

Homewood
Denver
$502K
Median Value
$513K
โ†‘ +3.6%
YoY Change
โ†“ -4.2%
โ†‘ +24.2%
5-Year Change
โ†‘ +13%
$502K
Price Range
$352K - $933K

Homes in Denver are 2% more expensive than Homewood

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†‘ $860
Per year
Monthly Difference
$71.67
More take-home
Effective Rate Diff
0.6%
Rate difference

Homewood, AL

Federal Income Tax
Effective: 18.9%
$25.5K
Alabama State Tax
Effective: 5.0%
$7.5K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.5K
Take-Home Pay
$8,794/month
$105.5K

Denver, CO

Federal Income Tax
Effective: 18.9%
$25.5K
Colorado State Tax
Effective: 4.4%
$6.6K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.1%
$43.6K
Take-Home Pay
$8,866/month
$106.4K

Additional Tax Information

Homewood, AL Tax Rates

Sales Tax:9.1%
Property Tax:0.4%

Denver, CO Tax Rates

Sales Tax:7.8%
Property Tax:0.5%

๐Ÿ’ก Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Homewood
Denver
57 Moderate
Air Quality
55 Moderate
26%
Good Air Days
35.2%
98 High
Climate Risk
95 High
๐ŸŒŠ๐ŸŒก๐ŸŒช
Top Hazards
๐ŸŒŠ๐ŸŒช๐Ÿ’จ
โ–ฒ+2.5ยฐF
2050 Outlook
โ–ฒ+3.3ยฐF
41 days
Heat Days >95ยฐF
28 days
โ–ฒ+2.5ยฐF
2050 Outlook
โ–ฒ+3.3ยฐF
41 days
Heat Days >95ยฐF
28 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between Alabama and Colorado on TaxTakeHome.com

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