Cost of Living in Boulder County, Colorado

$1,893/mo
Median Monthly Rent
$713,900
Median Home Value

At a Glance

Median Monthly Rent
$1,893/mo
51% above state average
Median Home Value
$713,900
153% above national
Rent-to-Income Ratio
34.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Boulder County Compares

Median monthly rent comparison

Boulder County$1,893/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$1,893/mo
Median Gross Rent
$713,900
Median Home Value
$1,970/mo
Monthly Owner Cost
34.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Boulder County ranks #2,240 of 3,144 counties for affordability (bottom 29%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Boulder County, Colorado

Colorado's most expensive county

Boulder County households earn $102,772—37% above the national average—yet renters spend 22.1% of income on housing at $1,893/month, the highest rent among these eight counties. Even top earners feel the squeeze of this tech and education hub's premium pricing.

Priciest homes in Colorado sample

Boulder County's median home value of $713,900 shatters the state comparison, running 235% above Alamosa's $218,800 median. With rents of $1,893—51% above Colorado's state average—this county represents the state's upper tier of housing costs.

Silicon Valley of the Rockies

Boulder's $1,893 median rent exceeds every other county analyzed—$1,081 more than Alamosa and $521 more than Arapahoe County. Home values tell the same story: $713,900 versus Arapahoe's $526,000, reflecting Boulder's status as Colorado's most coveted address.

Housing takes 22.1% of top earners

A Boulder County household earning the median $102,772 dedicates $1,893/month to rent, consuming 22.1% of income—or $1,970/month for ownership, eating 23% of earnings. Even at the state's highest incomes, housing claims a substantial share of household budgets.

Premium income required

Boulder County demands the highest salary floor among Colorado counties; you'll need the $102,772 median income to afford $1,893 rents without stretching too thin. This is where remote workers earning six figures and established professionals with equity stakes choose to live.

Cost of Living Advisory: Boulder County

Affordability Verdict

Boulder County is affordable for renters, with a median gross rent of $1,893/month representing approximately 22.1% of median household income. The rent burden (GRAPI) stands at 34.0%.

Rent vs. Own

At $1,893/month rent versus $1,970/month in owner costs, renting is roughly $77/month cheaper — a 4% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $75,720/year. For owner costs at the 28% rule, the required income is roughly $84,429/year. With a median household income of $102,772, most households can comfortably afford rent here. Notably, 34.0% of renter households in Boulder County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Arapahoe County where rent averages $1,812/month, Boulder County is approximately 4% more expensive.

Affordability Calculator

See how your income compares to housing costs in Boulder County

$

Rent Burden

22.1%

of gross income

Max Housing (28% Rule)

$2,398

per month

Owner Cost Burden

23.0%

of gross income

The median home in Boulder County may be a stretch

Median home value is $713,900. Estimated monthly cost: $5,699 vs. your max of $2,398.

Rent Affordability Guide

Your rent-to-income ratio22.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $102,772Needed: $75,720
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $102,772Needed: $84,429
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $102,772Needed: $166,144

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Boulder County, Colorado?
Boulder County, Colorado has a median monthly rent of $1,893/mo and a median home value of $713,900. The affordability rating is Unaffordable, with rent making up approximately 34.0% of median household income.
What is the median rent in Boulder County?
The median gross rent in Boulder County is $1,893/mo. This is 51% above state average for Colorado.
Is Boulder County affordable?
Boulder County is rated Unaffordable based on rent-to-income ratio of 34.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Boulder County's rent compare to the state average?
Boulder County's median rent of $1,893/mo is 51% above state average of $1,253/mo for Colorado.
What is the median home value in Boulder County?
The median home value in Boulder County, Colorado is $713,900. This is 153% above the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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