Cost of Living in Elbert County, Colorado

$1,436/mo
Median Monthly Rent
$664,600
Median Home Value
15% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,436/mo
15% above state average
Median Home Value
$664,600
136% above national
Rent-to-Income Ratio
29.0%
% 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 Elbert County Compares

Median monthly rent comparison

Elbert County$1,436/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$1,436/mo
Median Gross Rent
$664,600
Median Home Value
$2,214/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Elbert County, Colorado

Elbert County's wealthy face lowest burden

Elbert County residents spend just 13.3% of income on rent—the lowest ratio among all counties studied and far better than national benchmarks. With a median household income of $129,477 (73% above the national average of $74,755), the county offers exceptional housing affordability.

Second-best affordability in Colorado

Elbert County's 13.3% rent-to-income ratio is second only to Douglas County (17.3%), placing it in Colorado's most affordable tier. The county's high-income households and moderate median rent of $1,436 create substantial financial flexibility.

High incomes offset modest rent premium

Elbert County's median rent of $1,436 rivals Fremont County ($1,036) and trails Garfield County ($1,515), but the $129,477 median income dwarfs all peer counties. This income advantage makes Elbert's housing costs negligible by comparison.

Affluent households carry minimal burden

Renters allocate just $1,436 monthly (13.3%) of the $129,477 income, while homeowners spend $2,214 (20.6%) on a $664,600 median home value. Elbert County offers the most housing comfort of any county analyzed.

Prime market for high-net-worth relocators

If you're moving to Colorado and earning $120,000+, Elbert County combines exceptional affordability with exurban charm and proximity to Denver. The county suits affluent professionals and remote workers seeking space without urban price tags.

Affordability Calculator

See how your income compares to housing costs in Elbert County

$

Rent Burden

13.3%

of gross income

Max Housing (28% Rule)

$3,021

per month

Owner Cost Burden

20.5%

of gross income

The median home in Elbert County may be a stretch

Median home value is $664,600. Estimated monthly cost: $5,306 vs. your max of $3,021.

Rent Affordability Guide

Your rent-to-income ratio13.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Elbert County, Colorado?
Elbert County, Colorado has a median monthly rent of $1,436/mo and a median home value of $664,600. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Elbert County?
The median gross rent in Elbert County is $1,436/mo. This is 15% above state average for Colorado.
Is Elbert County affordable?
Elbert County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Elbert County's rent compare to the state average?
Elbert County's median rent of $1,436/mo is 15% above state average of $1,253/mo for Colorado.
What is the median home value in Elbert County?
The median home value in Elbert County, Colorado is $664,600. This is 136% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.