Cost of Living in Iliff, CO

With a cost of living index of 82, Iliff, CO is a very affordable place to live. Living here is 18% cheaper than the national average and 32% below the Colorado state average of 114. Iliff is a small community of 276 residents.

Housing costs are the biggest factor in Iliff's cost of living. The median monthly rent is $1,104 (16% below the US median of $1,319), and the median home value sits at $154,300 (49% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Iliff is $73,750, which is 2% lower than the national median of $75,149. Residents spend roughly 18% 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.