Cost of Living in Coal Creek, CO

With a cost of living index of 92, Coal Creek, CO is slightly more affordable than average. Living here is 8% cheaper than the national average and 22% below the Colorado state average of 114. Coal Creek is a small community of 395 residents.

Housing costs are the biggest factor in Coal Creek's cost of living. The median monthly rent is $1,313 (0% below the US median of $1,319), and the median home value sits at $205,300 (33% below the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Coal Creek is $41,333, which is 45% lower than the national median of $75,149. Residents spend roughly 38% 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.