Cost of Living in Hot Sulphur Springs, CO

With a cost of living index of 102, Hot Sulphur Springs, CO is somewhat more expensive than average. Living here is 2% more expensive than the national average and 12% below the Colorado state average of 114. Hot Sulphur Springs is a small community of 977 residents.

Housing costs are the biggest factor in Hot Sulphur Springs's cost of living. The median monthly rent is $1,183 (10% below the US median of $1,319), and the median home value sits at $376,600 (24% above the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Hot Sulphur Springs is $90,221, which is 20% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.