Cost of Living in North La Junta, CO

With a cost of living index of 74, North La Junta, CO is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 40% below the Colorado state average of 114. North La Junta is a small community of 512 residents.

Housing costs are the biggest factor in North La Junta's cost of living. The median monthly rent is $969 (27% below the US median of $1,319), and the median home value sits at $106,900 (65% 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 North La Junta is $50,125, which is 33% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.