Cost of Living in Pagosa Springs, CO

With a cost of living index of 97, Pagosa Springs, CO is slightly more affordable than average. Living here is 3% cheaper than the national average and 17% below the Colorado state average of 114. Pagosa Springs is a small community of 1,718 residents.

Housing costs are the biggest factor in Pagosa Springs's cost of living. The median monthly rent is $1,068 (19% below the US median of $1,319), and the median home value sits at $353,800 (16% above the national median of $304,900). At current prices, the median home costs roughly 9.6x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Pagosa Springs is $36,712, which is 51% lower than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

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.