Cost of Living in Grand County, Colorado
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Grand County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grand County ranks #2,839 of 3,142 counties for affordability (bottom 10%)
Sourced county brief
Grand County Median Home Value Reaches $601,500 in ACS Estimates
In Grand County, Colorado, the median home value was estimated at $601,500, a figure that is $173,987 higher than the Colorado unweighted county mean of $427,513. Among renters, the official median gross rent as a percentage of household income (GRAPI) was 25.4% according to ACS table B25071. This official GRAPI estimate is 4.2 percentage points lower than the Colorado unweighted county mean of 29.6%. The median gross rent for the county was $1,493 per month, which is $190 above the state's unweighted county mean of $1,303. For households with mortgages or other owner costs, the median selected monthly owner cost was $1,418, compared to the unweighted county mean of $1,272 for the state of Colorado. The median renter-household income in the county was $66,102. These figures represent a snapshot from the 2020-2024 American Community Survey period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Grand County
Affordability Verdict
ACS B25071 estimates median gross rent at 25.4% of renter household income in Grand County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,493 per month; median selected monthly owner costs are $1,418. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $59,720 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Colorado unweighted mean of county median rents is $1,303 per month. Grand County's $1,493 median is 14.6% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Grand County
Rent Burden
20.2%
of gross income
Max Housing (28% Rule)
$2,068
per month
Owner Cost Burden
19.2%
of gross income
The median home in Grand County may be a stretch
Median home value is $601,500. Estimated monthly cost: $4,802 vs. your max of $2,068.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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