Cost of Living in Rangely, CO

With a cost of living index of 75, Rangely, CO is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 39% below the Colorado state average of 114. Rangely is a small community of 2,572 residents.

Housing costs are the biggest factor in Rangely's cost of living. The median monthly rent is $774 (41% below the US median of $1,319), and the median home value sits at $192,200 (37% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Rangely is $75,044, which is 0% higher than the national median of $75,149. Residents spend roughly 12% 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.