Cost of Living in Cokedale, CO

With a cost of living index of 79, Cokedale, CO is a very affordable place to live. Living here is 21% cheaper than the national average and 35% below the Colorado state average of 114. Cokedale is a small community of 162 residents.

Housing costs are the biggest factor in Cokedale's cost of living. The median monthly rent is $1,154 (13% below the US median of $1,319), and the median home value sits at $107,300 (65% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Cokedale is $47,569, which is 37% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.