Cost of Living in Montezuma, CO

With a cost of living index of 157, Montezuma, CO is one of the most expensive cities in the United States. Living here is 57% more expensive than the national average and 43% above the Colorado state average of 114. Montezuma is a small community of 83 residents.

Housing costs are the biggest factor in Montezuma's cost of living. The median monthly rent is $1,667 (26% above the US median of $1,319), and the median home value sits at $861,100 (182% 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 Montezuma is $127,083, which is 69% 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. While incomes are above average, they more than 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.