Cost of Living in Colorado
Housing costs, rent, income, and affordability for 469 cities in CO. Updated 2026.
Understanding the cost of living in Colorado is essential whether you're planning a move, comparing job offers, or evaluating real estate investments. This page breaks down housing costs, rent prices, and median household income for every city in Colorado, with comparisons to national averages.
Colorado's average home value of $406,444 is 66% above the national median of $244,900. The average median household income is $76,624, and average monthly rent is $931.
Most Affordable Cities in Colorado
Cities with population 5,000+ ranked by lowest median home value.
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Air Force Academy | $0 | $2,223/mo | $93,889 | 6,701 |
| 2 | Fort Carson | $0 | $2,046/mo | $61,783 | 18,447 |
| 3 | Federal Heights | $91,300 | $1,655/mo | $57,957 | 14,160 |
| 4 | Lamar | $137,100 | $844/mo | $58,487 | 7,629 |
| 5 | La Junta | $180,700 | $709/mo | $54,253 | 7,211 |
| 6 | Trinidad | $196,900 | $894/mo | $50,792 | 8,309 |
| 7 | Alamosa | $200,200 | $881/mo | $46,969 | 9,847 |
| 8 | Sterling | $205,200 | $1,052/mo | $44,242 | 13,273 |
| 9 | Cortez | $226,700 | $1,028/mo | $51,377 | 8,898 |
| 10 | Pueblo | $230,900 | $1,020/mo | $55,305 | 111,514 |
| 11 | Battlement Mesa | $231,500 | $972/mo | $69,432 | 5,402 |
| 12 | Clifton | $234,200 | $1,035/mo | $54,301 | 19,746 |
| 13 | Delta | $238,100 | $982/mo | $46,010 | 9,266 |
| 14 | Craig | $252,900 | $1,060/mo | $69,256 | 9,022 |
| 15 | Fort Morgan | $259,900 | $1,074/mo | $59,121 | 11,521 |
Most Expensive Cities in Colorado
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Cherry Hills Village | $2,000,001 | $0/mo | $250,001 | 6,366 |
| 2 | Aspen | $1,375,000 | $1,897/mo | $78,636 | 6,862 |
| 3 | Greenwood Village | $1,213,300 | $2,119/mo | $145,781 | 15,485 |
| 4 | Boulder | $982,600 | $1,924/mo | $85,364 | 106,274 |
| 5 | Steamboat Springs | $874,400 | $1,909/mo | $100,156 | 13,341 |
| 6 | Todd Creek | $856,800 | $0/mo | $185,417 | 5,069 |
| 7 | Cherry Creek | $856,800 | $1,974/mo | $147,618 | 11,011 |
| 8 | Louisville | $835,000 | $2,069/mo | $149,159 | 20,788 |
| 9 | Castle Pines | $827,900 | $2,128/mo | $189,918 | 12,573 |
| 10 | Lone Tree | $819,800 | $2,030/mo | $125,699 | 14,136 |
Highest Income Cities in Colorado
| # | City | Median Income | Home Value | Population |
|---|---|---|---|---|
| 1 | Cherry Hills Village | $250,001 | $2,000,001 | 6,366 |
| 2 | Castle Pines | $189,918 | $827,900 | 12,573 |
| 3 | Todd Creek | $185,417 | $856,800 | 5,069 |
| 4 | Woodmoor | $174,138 | $702,900 | 8,819 |
| 5 | The Pinery | $173,889 | $709,800 | 11,740 |
| 6 | Timnath | $172,206 | $717,300 | 8,007 |
| 7 | Roxborough Park | $167,671 | $648,100 | 9,365 |
| 8 | Fairmount | $163,785 | $772,600 | 10,521 |
| 9 | Erie | $163,644 | $685,900 | 31,927 |
| 10 | Superior | $157,909 | $795,500 | 13,136 |
Cost of Living FAQ — Colorado
What is the average cost of living in Colorado?
The average median home value across Colorado cities is $406,444, with average rent of $931/month. The average median household income is $76,624.
What are the cheapest cities in Colorado?
The most affordable cities in Colorado by home value include Air Force Academy ($0), Fort Carson ($0), Federal Heights ($91,300).
What is the most expensive city in Colorado?
The most expensive city in Colorado is Cherry Hills Village with a median home value of $2,000,001.
How does Colorado compare to the national average?
Colorado's average home value of $406,444 is above the national median of $244,900. Median rent of $931/month is below the US average of $1,163.