The 10 Most Expensive Places To Live In Colorado For 2022


We used science and data to determine which cities in Colorado that will put a big dent in your wallet.

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Editor’s Note: We updated this article for 2022. This is our ninth time ranking the most expensive places to live in Colorado.

Everyone wants a home that mixes affordability with comfort and Colorado does this very well. Families love the Centennial State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Colorado that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Colorado for 2022.

So where is the most expensive place to live in Colorado? That would be Boulder.
the 2016-2020 American Community Survey for the 78 places in Colorado with more than 5,000 people.

Here are the 10 most expensive places to live in Colorado for 2022:

  1. Boulder
  2. Avon
  3. Aspen
  4. Carbondale
  5. Steamboat Springs
  6. Vail
  7. Edgewater
  8. Durango
  9. Golden
  10. Lafayette

What's the most expensive place to live in Colorado? Well, HomeSnacks crunched the numbers and discovered that Boulder is the most expensive place to live in Colorado.

So hopefully La Junta (the cheapest place to live in Colorado) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Colorado and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Colorado For 2022

1. Boulder

Boulder, CO

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 108,777
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 10.2x (most expensive)
Income To Rent Ratio: 45.5x (8th most expensive)
More on Boulder: Real Estate | Data | Photos

The median income in Boulder comes in at $72,279 and the median home value is $736,000 for 2022.

2. Avon

Avon, CO

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 6,711
Rank Last Year: 9 (Up 7)
Home Price To Income Ratio: 8.1x (4th most expensive)
Income To Rent Ratio: 47.4x (10th most expensive)
More on Avon: Real Estate | Data | Photos

The median income in Avon comes in at $66,953 and the median home value is $543,500 for 2022.

3. Aspen

Aspen, CO

Overall SnackAbility

8.5
/10

Population: 7,721
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 7.2x (11th most expensive)
Income To Rent Ratio: 46.5x (9th most expensive)
More on Aspen: Real Estate | Data | Photos

The median income in Aspen comes in at $77,669 and the median home value is $558,000 for 2022.

4. Carbondale

Carbondale, CO

Overall SnackAbility

7
/10

Population: 6,658
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 7.5x (7th most expensive)
Income To Rent Ratio: 51.3x (2most expensive)
More on Carbondale: Real Estate | Data | Photos

The median income in Carbondale comes in at $85,580 and the median home value is $645,000 for 2022.

5. Steamboat Springs

Steamboat Springs, CO

Overall SnackAbility

7.5
/10

Population: 13,048
Rank Last Year: 8 (Up 3)
Home Price To Income Ratio: 7.9x (5th most expensive)
Income To Rent Ratio: 51.7x (23rd most expensive)
More on Steamboat Springs: Real Estate | Data | Photos

The median income in Steamboat Springs comes in at $74,351 and the median home value is $585,500 for 2022.

6. Vail

Vail, CO

Overall SnackAbility

7.5
/10

Population: 5,614
Rank Last Year: 2 (Down 4)
Home Price To Income Ratio: 9.6x (2nd most expensive)
Income To Rent Ratio: 54.9x (36th most expensive)
More on Vail: Real Estate | Data | Photos

The median income in Vail comes in at $82,661 and the median home value is $793,600 for 2022.

7. Edgewater

Edgewater, CO

Overall SnackAbility

7
/10

Population: 5,410
Rank Last Year: 5 (Down 2)
Home Price To Income Ratio: 7.5x (8th most expensive)
Income To Rent Ratio: 48.6x (14th most expensive)
More on Edgewater: Real Estate | Data | Photos

The median income in Edgewater comes in at $59,375 and the median home value is $446,300 for 2022.

8. Durango

Durango, CO

Source: Public domain
Overall SnackAbility

8
/10

Population: 19,413
Rank Last Year: 7 (No Change)
Home Price To Income Ratio: 7.2x (10th most expensive)
Income To Rent Ratio: 50.4x (19th most expensive)
More on Durango: Real Estate | Data | Photos

The median income in Durango comes in at $65,424 and the median home value is $472,800 for 2022.

9. Golden

Golden, CO

Overall SnackAbility

7
/10

Population: 20,391
Rank Last Year: 6 (Down 3)
Home Price To Income Ratio: 6.7x (13th most expensive)
Income To Rent Ratio: 53.7x (30th most expensive)
More on Golden: Real Estate | Data | Photos

The median income in Golden comes in at $80,338 and the median home value is $541,400 for 2022.

10. Lafayette

Lafayette, CO

Overall SnackAbility

7.5
/10

Population: 27,952
Rank Last Year: 20 (Up 10)
Home Price To Income Ratio: 5.3x (27th most expensive)
Income To Rent Ratio: 51.0x (20th most expensive)
More on Lafayette: Real Estate | Data | Photos

The median income in Lafayette comes in at $85,909 and the median home value is $458,300 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Centennial State For 2022

Map Of The Cheapest Places To Live In Colorado
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Colorado to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 78 places in Colorado that have more than 5,000 people.

The place with the highest cost of living in Colorado according to the data is Boulder. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Colorado For 2022

Well there you have it, the places in Colorado that have the highest cost of living, with Boulder ranking as the most expensive city in the Centennial State.

Here's a look at the most affordable cities in Colorado according to the data:

  1. La Junta
  2. Brush
  3. Craig

For more Colorado reading, check out:

Detailed List Of The Most Expensive Cities In Colorado

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Boulder 4.33 108,777 10.2x 45.5x
2 Avon 9.0 6,711 8.1x 47.4x
3 Aspen 10.67 7,721 7.2x 46.5x
4 Carbondale 11.67 6,658 7.5x 51.3x
5 Steamboat Springs 13.0 13,048 7.9x 51.7x
6 Vail 13.67 5,614 9.6x 54.9x
7 Edgewater 15.0 5,410 7.5x 48.6x
8 Durango 15.0 19,413 7.2x 50.4x
9 Golden 19.0 20,391 6.7x 53.7x
10 Lafayette 21.5 27,952 5.3x 51.0x
11 Salida 23.33 5,543 6.9x 48.3x
12 Gypsum 23.67 7,049 5.0x 44.8x
13 Denver 23.67 715,878 5.9x 52.0x
14 Lakewood 24.67 155,733 5.6x 49.8x
15 Wheat Ridge 25.33 31,889 6.7x 54.4x
16 Fort Collins 26.33 166,069 5.7x 51.4x
17 Estes Park 27.0 6,504 8.2x 61.9x
18 Greenwood Village 27.67 15,100 7.4x 71.1x
19 Sheridan 28.67 6,072 5.7x 38.1x
20 Cherry Hills Village 28.67 6,680 7.7x 114.1x
21 Littleton 29.0 46,208 5.8x 56.2x
22 Glenwood Springs 29.33 10,048 6.5x 56.8x
23 Lone Tree 29.33 13,381 5.9x 65.6x
24 Englewood 30.67 34,840 5.7x 54.2x
25 Gunnison 31.0 6,653 5.8x 47.4x
26 Superior 32.67 13,292 4.8x 61.5x
27 Louisville 33.67 19,342 5.4x 69.0x
28 Longmont 33.67 95,864 5.0x 55.1x
29 Fruita 33.67 14,068 4.8x 42.2x
30 Eagle 33.67 6,896 5.9x 71.6x
31 Aurora 34.0 379,434 4.8x 48.3x
32 Westminster 34.0 114,832 4.8x 51.9x
33 Northglenn 37.33 39,201 4.7x 51.8x
34 Wellington 37.67 8,651 3.8x 42.1x
35 Broomfield 37.67 69,444 4.5x 59.2x
36 Manitou Springs 39.33 5,342 6.3x 70.4x
37 Erie 39.67 27,157 4.1x 58.5x
38 Loveland 40.0 81,774 4.7x 54.5x
39 Glendale 40.33 5,186 4.2x 42.4x
40 Greeley 41.0 107,445 4.8x 54.1x
41 Thornton 41.67 144,186 4.3x 54.4x
42 Brighton 42.67 38,355 4.5x 54.9x
43 Centennial 43.17 111,331 4.2x 63.5x
44 Berthoud 43.67 8,574 4.2x 55.3x
45 Arvada 44.0 120,229 4.6x 64.2x
46 Fountain 44.67 30,240 3.8x 45.3x
47 Delta 46.0 8,893 4.6x 52.6x
48 Dacono 47.67 6,167 4.5x 57.5x
49 Monument 49.33 7,691 4.1x 62.8x
50 Woodland Park 49.67 7,943 4.4x 62.2x
51 Colorado Springs 49.67 471,686 4.3x 56.6x
52 Firestone 50.0 13,165 3.8x 56.5x
53 Cortez 50.33 8,729 3.9x 50.4x
54 Evans 50.67 22,128 3.7x 50.3x
55 Parker 50.67 55,460 3.9x 68.5x
56 Commerce City 51.67 55,891 4.1x 59.2x
57 Castle Pines 52.0 10,977 3.7x 119.6x
58 Castle Rock 52.0 65,176 3.9x 69.7x
59 Montrose 52.0 19,396 4.4x 56.1x
60 Grand Junction 52.67 62,218 4.6x 61.0x
61 Windsor 53.33 23,679 4.1x 74.4x
62 Federal Heights 53.67 13,537 1.5x 37.2x
63 Lochbuie 55.67 6,795 4.0x 57.8x
64 Milliken 56.0 7,862 4.4x 69.4x
65 Sterling 56.33 14,421 3.4x 50.3x
66 Trinidad 57.33 8,076 3.8x 52.4x
67 Rifle 57.67 9,771 4.2x 63.6x
68 Alamosa 57.67 9,360 4.0x 55.6x
69 Frederick 57.67 10,414 3.6x 66.7x
70 Pueblo 58.0 111,776 3.5x 51.9x
71 Fort Lupton 58.0 8,600 4.3x 69.3x
72 Fort Morgan 59.67 11,311 3.8x 55.9x
73 John 64.67 14,357 3.2x 77.5x
74 Eaton 65.0 5,646 3.8x 89.1x
75 Lamar 65.0 7,598 2.6x 55.1x
76 Craig 65.67 8,978 3.5x 60.2x
77 Brush 67.0 5,408 3.2x 60.9x
78 La Junta 78.0 6,907 1.9x 78.2x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.