Cost of Living in Centennial
Colorado's youngest city — 110K people, Cherry Creek schools, and a quiet suburban identity
Housing
Housing Market
- Median Home Price
- $600K–$680K
- Data Year
- 2026
Taxes
Tax Rates
- Property Tax Rate
- ~0.71% effective (Arapahoe County)
- Sales Tax Rate
- 6.75% (state 2.9% + county 0.25% + city 2.5% + special 1.1%)
- Vehicle Registration
- Standard Colorado
- State Income Tax Impact
- 4.4% flat
- Cost of Living vs National
- ~24% above national average; Cherry Creek SD zone commands premium
Utilities
Monthly Costs
- Water Provider
- Denver Water (primary); Centennial Water & Sanitation District (some areas)
- Electric & Gas
- Xcel Energy (electric and gas)
- Internet Providers
- Quantum Fiber, Comcast/Xfinity, CenturyLink
- Trash & Recycling
- Multiple private haulers (city does not provide directly)
- Snow Removal
- City of Centennial public roads; Arapahoe County for county roads
Income
Income & Cost Context
- Median Household Income
- $126,224
- Cost of Living Index
- 123.7 (national avg = 100); Cherry Creek SD zone commands additional premium
- Avg Childcare Cost
- $1,000–$1,300
Common Questions
FAQ — Centennial
What is the median home price in Centennial?
As of 2026, the median home price in Centennial is approximately $600K–$680K. Prices vary significantly by neighborhood — south Centennial addresses in the Cherry Creek School District command a premium over north Centennial addresses in the Littleton district.
What is the cost of living in Centennial?
Centennial’s cost of living index is approximately 123.7 (national average = 100), or about 24% above the national average, with the Cherry Creek SD zone commanding additional premium. The median household income is $126,224 with a median age of about 42. The effective property tax rate is roughly 0.71% (Arapahoe County). Sales tax is 6.75% combined. Colorado has a flat 4.4% state income tax.