Cost of Living in Loveland, CO

With a cost of living index of 122, Loveland, CO is a notably expensive place to live. Living here is 22% more expensive than the national average and 8% above the Colorado state average of 114. With a population of 77,350, Loveland is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Loveland's cost of living. The median monthly rent is $1,683 (28% above the US median of $1,319), and the median home value sits at $453,100 (49% above the national median of $304,900). At current prices, the median home costs roughly 5.5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Loveland is $82,592, which is 10% 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.

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.