Cost of Living in Broomfield County, Colorado

$2,074/mo
Median Monthly Rent
$631,600
Median Home Value

At a Glance

Median Monthly Rent
$2,074/mo
66% above state average
Median Home Value
$631,600
124% above national
Rent-to-Income Ratio
28.0%
% 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 Broomfield County Compares

Median monthly rent comparison

Broomfield County$2,074/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$2,074/mo
Median Gross Rent
$631,600
Median Home Value
$2,032/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Broomfield County ranks #2,040 of 3,144 counties for affordability (bottom 35%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Broomfield County, Colorado

Affluent suburb, manageable costs

Broomfield County households earn $121,025—the highest among these eight counties and 62% above the national average—while maintaining a 20.6% rent-to-income ratio just above Colorado's state average. Renters here pay $2,074/month, the highest nominal rent, yet their superior incomes make it proportionally manageable.

Highest incomes, manageable ratios

Broomfield County's 20.6% rent-to-income ratio stands at the state average of 20.2%, making it technically the most balanced county analyzed despite $2,074 rents. The $121,025 median household income—the state's highest in this sample—explains how residents afford premium housing without overextending.

Highest nominal rents, highest incomes

Broomfield's $2,074 median rent edges Boulder's $1,893 and dwarfs rural Baca's $490, yet the county's $121,025 median income—$19,253 above Boulder's—makes it proportionally more affordable. Home values of $631,600 rank second only to Boulder's $713,900.

Top earners, balanced housing costs

A Broomfield County household earning the median $121,025 annually pays $2,074/month in rent (20.6% of income) or $2,032/month for a mortgage (20.1% of income). This county uniquely shows that premium housing can remain balanced when incomes scale proportionally.

Denver's premium northern gateway

Broomfield County suits high earners seeking northwest Denver access without downtown prices; $2,074 rent requires the county's $121,025 median income to manage comfortably. If your relocation package matches or exceeds this threshold, Broomfield delivers housing proportionally more balanced than pricier Boulder.

Cost of Living Advisory: Broomfield County

Affordability Verdict

Housing in Broomfield County is affordable. The median rent is $2,074/month against a median household income of $121,025, putting rent at 20.6% of income.

Rent vs. Own

At $2,074/month rent versus $2,032/month in owner costs, owning is roughly $42/month cheaper — a 2% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $82,960/year. For owner costs at the 28% rule, the required income is roughly $87,086/year. With a median household income of $121,025, most households can comfortably afford rent here. Notably, 28.0% of renter households in Broomfield County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Park County where rent averages $1,942/month, Broomfield County is approximately 7% more expensive.

Affordability Calculator

See how your income compares to housing costs in Broomfield County

$

Rent Burden

20.6%

of gross income

Max Housing (28% Rule)

$2,824

per month

Owner Cost Burden

20.1%

of gross income

The median home in Broomfield County may be a stretch

Median home value is $631,600. Estimated monthly cost: $5,042 vs. your max of $2,824.

Rent Affordability Guide

Your rent-to-income ratio20.6%
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: $121,025Needed: $82,960
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $121,025Needed: $87,086
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $121,025Needed: $146,991

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 Broomfield County, Colorado?
Broomfield County, Colorado has a median monthly rent of $2,074/mo and a median home value of $631,600. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Broomfield County?
The median gross rent in Broomfield County is $2,074/mo. This is 66% above state average for Colorado.
Is Broomfield County affordable?
Broomfield County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Broomfield County's rent compare to the state average?
Broomfield County's median rent of $2,074/mo is 66% above state average of $1,253/mo for Colorado.
What is the median home value in Broomfield County?
The median home value in Broomfield County, Colorado is $631,600. This is 124% 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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