Cost of Living in Edwards, CO

With a cost of living index of 154, Edwards, CO is one of the most expensive cities in the United States. Living here is 54% more expensive than the national average and 40% above the Colorado state average of 114. Edwards is a smaller community of 10,415 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Edwards's cost of living. The median monthly rent is $1,885 (43% above the US median of $1,319), and the median home value sits at $747,700 (145% above the national median of $304,900). At current prices, the median home costs roughly 8.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Edwards is $90,735, which is 21% higher than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they do not fully offset the higher cost of living.

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.