Cost of Living in Rockvale, CO

With a cost of living index of 83, Rockvale, CO is a very affordable place to live. Living here is 17% cheaper than the national average and 31% below the Colorado state average of 114. Rockvale is a small community of 743 residents.

Housing costs are the biggest factor in Rockvale's cost of living. The median monthly rent is $1,066 (19% below the US median of $1,319), and the median home value sits at $189,100 (38% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Rockvale is $48,125, which is 36% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.