What is the cost of living in Aspen, CO?
According to the most recent data on the cost of living, Aspen has an overall cost of living index of 156, which is 1.6x higher than the national index of 100.
Compared to Colorado, Aspen has a cost of living index that's 1.4x higher than Colorado's index of 114.
The standard of living in Aspen ranks as #95 most affordable out of the 111 places we measured in Colorado. By definition, that implies Aspen ranks as the #16 most expensive place in the Centennial State.
For more reading on life in Aspen, check out:
Aspen Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Aspen. Here is how it fares on each of the criteria:
The Services index in Aspen is 104.
The Groceries index in Aspen is 106.
The Health index in Aspen is 266.
The Housing index in Aspen is 108.
The Transportation index in Aspen is 112.
The Utilities index in Aspen is 107.
| Living Expense | Aspen | Colorado | National Average |
|---|---|---|---|
| Overall | 156 | 114 | 100 |
| Services | 104 | 104 | 100 |
| Groceries | 106 | 107 | 100 |
| Health | 266 | 135 | 100 |
| Housing | 108 | 104 | 100 |
| Transportation | 112 | 107 | 100 |
| Utilities | 107 | 107 | 100 |
Aspen Cost Of Living Compared To Colorado Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Colorado, check out:
Protect your home budget Compare home warranties in Aspen Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Aspen, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Aspen is $3,535,612.
The Median Rent in Aspen is $2,081.
The Median Income in Aspen is $74,033.
The Home Value To Income in Aspen is 47.8x.
The Rent To Monthly Income in Aspen is 0.34x.
Aspen, CO Costs By Category
Detailed Aspen Services costs vs. Colorado
Detailed Aspen Groceries costs vs. Colorado
Detailed Aspen Health costs vs. Colorado
Detailed Aspen Transportation costs vs. Colorado
Aspen SnackAbility
Cost Of Living In Cities Around Aspen
The cost of living varies in the cities and towns around Aspen. Here's a quick look at the cost of living in the most populous nearby places:
Edwards, CO has a cost of living index of 174, 1.1x Aspen.
Glenwood Springs, CO has a cost of living index of 136, 0.9x Aspen.
Gypsum, CO has a cost of living index of 135, 0.9x Aspen.
| City | Population | Cost Of Living | Vs. Aspen |
|---|---|---|---|
| Edwards, CO | 10,785 | 174 | 1.1x |
| Glenwood Springs, CO | 10,241 | 136 | 0.9x |
| Gypsum, CO | 8,941 | 135 | 0.9x |
| Eagle, CO | 7,442 | 157 | 1.0x |
| Gunnison, CO | 6,766 | 114 | 0.7x |
| Carbondale, CO | 6,637 | 163 | 1.0x |
| Avon, CO | 5,972 | 153 | 1.0x |
