Cost of Living in Bethune, CO

With a cost of living index of 71, Bethune, CO is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 43% below the Colorado state average of 114. Bethune is a small community of 257 residents.

Housing costs are the biggest factor in Bethune's cost of living. The median monthly rent is $808 (39% below the US median of $1,319), and the median home value sits at $137,500 (55% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Bethune is $38,333, which is 49% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.