Cost of Living in Gilpin County, Colorado
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Gilpin County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Gilpin County, Colorado
Gilpin beats national affordability
Gilpin County renters spend just 18.1% of their income on rent, well below the national norm of roughly 28-30% for affordability. With a median household income of $88,654—18% above the national median of $74,755—Gilpin residents enjoy stronger purchasing power than most Americans.
Among Colorado's most affordable
Gilpin's rent-to-income ratio of 18.1% ranks it below Colorado's state average of 20.2%, placing it in the better half of the state's counties. This advantage stems from solid local incomes that outpace the state's median.
Gilpin vs. mountain neighbors
Gilpin's median rent of $1,340 sits between Grand County ($1,451) and Gunnison County ($1,191), while its median home value of $512,600 undercuts both neighbors. Gilpin's superior income-to-housing ratio makes it the most affordable among these three high-altitude counties.
Income vs. housing: the real math
Renters in Gilpin spend about $1,340 monthly, while homeowners face $1,808 in mortgage costs against a $88,654 annual income. Housing consumes roughly 18% of gross income for renters and 24% for owners—well within healthy ranges.
Considering Gilpin? Strong case.
If you're relocating to Colorado's mountains, Gilpin offers solid affordability with above-average incomes. Compare your current rent-to-income ratio to Gilpin's 18.1% to see if a move makes financial sense.
Affordability Calculator
See how your income compares to housing costs in Gilpin County
Rent Burden
18.1%
of gross income
Max Housing (28% Rule)
$2,069
per month
Owner Cost Burden
24.5%
of gross income
The median home in Gilpin County may be a stretch
Median home value is $512,600. Estimated monthly cost: $4,092 vs. your max of $2,069.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.