Cost of Living in Central, CO

With a cost of living index of 115, Central, CO is a notably expensive place to live. Living here is 15% more expensive than the national average and in line with the Colorado state average. Central is a small community of 576 residents.

Housing costs are the biggest factor in Central's cost of living. The median monthly rent is $1,604 (22% above the US median of $1,319), and the median home value sits at $379,400 (24% above the national median of $304,900). At current prices, the median home costs roughly 6.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Central is $62,094, which is 17% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

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.