Cost of Living in Kit Carson County, Colorado

$916/mo
Median Monthly Rent
$221,400
Median Home Value

At a Glance

Median Monthly Rent
$916/mo
27% below state average
Median Home Value
$221,400
21% below 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 Kit Carson County Compares

Median monthly rent comparison

Kit Carson County$916/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$916/mo
Median Gross Rent
$221,400
Median Home Value
$852/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Kit Carson County ranks #1,423 of 3,144 counties for affordability (top 45%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Kit Carson County, Colorado

Kit Carson: Better than national baseline

Kit Carson County residents spend 18.4% of household income on rent, beating the national average and Colorado's 20.2% state average. With a median household income of $59,810—below the U.S. median of $74,755—the county still manages strong housing affordability compared to most of America.

A most affordable Colorado county

Kit Carson ranks among Colorado's most affordable counties for renters, with housing costs consuming a smaller share of income than the state typical. At 18.4%, the rent-to-income ratio positions the county well relative to peers struggling with 20%+ burdens statewide.

Southeast Plains affordability advantage

Kit Carson's median rent of $916/month runs $337 below the state average of $1,253, matching the affordable profile of neighboring rural counties. The median home value of $221,400 reflects the lower-cost character of Colorado's eastern plains region.

Rent and ownership both accessible here

Renters pay $916 monthly while owners pay $852—a rare reversal showing that buying is slightly cheaper than renting in Kit Carson. With median income at $59,810, both housing options consume under 18% of household earnings, leaving room for other necessities.

Affordable plains living awaits

If Colorado's mountain-county rents feel out of reach, Kit Carson offers a genuine alternative with sub-$1,000 monthly rent and solid homeownership paths. The county's affordability advantage over state and national averages makes it worth considering for budget-conscious relocators.

Cost of Living Advisory: Kit Carson County

Affordability Verdict

Housing in Kit Carson County is affordable. The median rent is $916/month against a median household income of $59,810, putting rent at 18.4% of income.

Rent vs. Own

Renters in Kit Carson County pay $916/month on average, compared to $852/month for homeowners. This market favors buyers by about 7%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,640/year. For owner costs at the 28% rule, the required income is roughly $36,514/year. With a median household income of $59,810, most households can comfortably afford rent here. Notably, 28.0% of renter households in Kit Carson County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Cheyenne County where rent averages $862/month, Kit Carson County is approximately 6% more expensive.

Affordability Calculator

See how your income compares to housing costs in Kit Carson County

$

Rent Burden

18.4%

of gross income

Max Housing (28% Rule)

$1,396

per month

Owner Cost Burden

17.1%

of gross income

The median home in Kit Carson County may be a stretch

Median home value is $221,400. Estimated monthly cost: $1,768 vs. your max of $1,396.

Rent Affordability Guide

Your rent-to-income ratio18.4%
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: $59,810Needed: $36,640
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $59,810Needed: $36,514
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $59,810Needed: $51,526

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 Kit Carson County, Colorado?
Kit Carson County, Colorado has a median monthly rent of $916/mo and a median home value of $221,400. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Kit Carson County?
The median gross rent in Kit Carson County is $916/mo. This is 27% below state average for Colorado.
Is Kit Carson County affordable?
Kit Carson 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 Kit Carson County's rent compare to the state average?
Kit Carson County's median rent of $916/mo is 27% below state average of $1,253/mo for Colorado.
What is the median home value in Kit Carson County?
The median home value in Kit Carson County, Colorado is $221,400. This is 21% below the national median home value of $281,900.

Counties with Similar Housing Costs

Sponsored

Planning a Move?

Researching the cost of living in Kit Carson County, Colorado? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes
Sponsored

Compare Mortgage Rates in Kit Carson County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates
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.

CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.