Cost of Living in Red Cliff, CO

With a cost of living index of 140, Red Cliff, CO is one of the most expensive cities in the United States. Living here is 40% more expensive than the national average and 26% above the Colorado state average of 114. Red Cliff is a small community of 283 residents.

Housing costs are the biggest factor in Red Cliff's cost of living. The median monthly rent is $1,450 (10% above the US median of $1,319), and the median home value sits at $742,600 (144% above the national median of $304,900). At current prices, the median home costs roughly 10.9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Red Cliff is $68,056, which is 9% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

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.