Cost of Living in Cedaredge, CO

With a cost of living index of 89, Cedaredge, CO is a very affordable place to live. Living here is 11% cheaper than the national average and 25% below the Colorado state average of 114. Cedaredge is a small community of 2,394 residents.

Housing costs are the biggest factor in Cedaredge's cost of living. The median monthly rent is $1,106 (16% below the US median of $1,319), and the median home value sits at $240,300 (21% below the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Cedaredge is $41,944, which is 44% lower than the national median of $75,149. Residents spend roughly 32% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.