Cost of Living in Mountain Village, CO

With a cost of living index of 226, Mountain Village, CO is one of the most expensive cities in the United States. Living here is 126% more expensive than the national average and 112% above the Colorado state average of 114. Mountain Village is a small community of 1,713 residents.

Housing costs are the biggest factor in Mountain Village's cost of living. The median monthly rent is $885 (33% below the US median of $1,319), and the median home value sits at $2,000,001 (556% above the national median of $304,900). At current prices, the median home costs roughly 33.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Mountain Village is $59,881, which is 20% 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.