Cost of Living in Westcliffe, CO

With a cost of living index of 90, Westcliffe, CO is a very affordable place to live. Living here is 10% cheaper than the national average and 24% below the Colorado state average of 114. Westcliffe is a small community of 459 residents.

Housing costs are the biggest factor in Westcliffe's cost of living. The median monthly rent is $908 (31% below the US median of $1,319), and the median home value sits at $326,000 (7% above the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Westcliffe is $65,074, which is 13% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.