Cost of Living in Rifle, CO

With a cost of living index of 104, Rifle, CO is somewhat more expensive than average. Living here is 4% more expensive than the national average and 10% below the Colorado state average of 114. Rifle is a smaller community of 10,466 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Rifle's cost of living. The median monthly rent is $1,231 (7% below the US median of $1,319), and the median home value sits at $377,900 (24% above the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Rifle is $80,629, which is 7% higher 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.