Cost of Living in Fort Collins, CO

With a cost of living index of 129, Fort Collins, CO is a notably expensive place to live. Living here is 29% more expensive than the national average and 15% above the Colorado state average of 114. As a major city with a population of 169,705, Fort Collins offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Fort Collins's cost of living. The median monthly rent is $1,661 (26% above the US median of $1,319), and the median home value sits at $548,400 (80% above the national median of $304,900). At current prices, the median home costs roughly 6.6x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Fort Collins is $83,598, which is 11% higher than the national median of $75,149. Residents spend roughly 24% 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.

Everyday prices in the Fort Collins-Loveland, 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.