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)
How Grand County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Grand County, Colorado
Grand's rents strain renters
Grand County renters spend 20.6% of income on rent—above the national affordability threshold but still manageable. With a median income of $84,558, Grand residents earn 13% more than the national median, providing some cushion against higher mountain-town rents.
Slightly above Colorado average
Grand's rent-to-income ratio of 20.6% edges slightly above Colorado's 20.2% state average, ranking it near the middle of the state's counties. The county's higher rents relative to income put it in moderate affordability territory.
Grand rents lead the trio
Grand County has the highest median rent ($1,451) among its mountain peers Gilpin ($1,340) and Gunnison ($1,191). However, Grand's homeownership costs ($1,334/month) are the lowest of the three, favoring buyers over renters.
Renters hit harder than owners
Renters in Grand pay $1,451 monthly—20.6% of a $84,558 annual income—while owners spend $1,334 on mortgages. This makes homeownership notably more affordable than renting in Grand, a reversal of national trends.
Grand works best for buyers
If you're eyeing Grand County, prioritize homeownership to maximize affordability; rents here are pricier than in neighboring mountain counties. Check whether you can qualify for a mortgage, as it's substantially cheaper than renting in this market.
Affordability Calculator
See how your income compares to housing costs in Grand County
Rent Burden
20.6%
of gross income
Max Housing (28% Rule)
$1,973
per month
Owner Cost Burden
18.9%
of gross income
The median home in Grand County may be a stretch
Median home value is $507,200. Estimated monthly cost: $4,049 vs. your max of $1,973.
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.