Cost of Living in San Luis, CO

With a cost of living index of 68, San Luis, CO is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 46% below the Colorado state average of 114. San Luis is a small community of 582 residents.

Housing costs are the biggest factor in San Luis's cost of living. The median monthly rent is $700 (47% below the US median of $1,319), and the median home value sits at $137,500 (55% below the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in San Luis is $30,481, which is 59% lower than the national median of $75,149. Residents spend roughly 28% 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.