Cost of Living in Glenwood Springs, CO

With a cost of living index of 136, Glenwood Springs, CO is a notably expensive place to live. Living here is 36% more expensive than the national average and 22% above the Colorado state average of 114. Glenwood Springs is a smaller community of 10,171 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Glenwood Springs's cost of living. The median monthly rent is $1,717 (30% above the US median of $1,319), and the median home value sits at $592,000 (94% above the national median of $304,900). At current prices, the median home costs roughly 6.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Glenwood Springs is $87,000, which is 16% 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.

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.