Cost of Living in Colorado City, CO

With a cost of living index of 91, Colorado City, CO is slightly more affordable than average. Living here is 9% cheaper than the national average and 24% below the Colorado state average of 114. Colorado City is a small community of 1,791 residents.

Housing costs are the biggest factor in Colorado City's cost of living. The median monthly rent is $1,270 (4% below the US median of $1,319), and the median home value sits at $237,700 (22% below the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Colorado City is $48,692, which is 35% 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Pueblo, CO (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.