Cost of Living in Lincoln County, Colorado

$854/mo
Median Monthly Rent
$232,100
Median Home Value

At a Glance

Median Monthly Rent
$854/mo
32% below state average
Median Home Value
$232,100
18% below national
Rent-to-Income Ratio
26.0%
% 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 Lincoln County Compares

Median monthly rent comparison

Lincoln County$854/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$854/mo
Median Gross Rent
$232,100
Median Home Value
$815/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Lincoln County ranks #590 of 3,144 counties for affordability (top 19%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Lincoln County, Colorado

Lincoln: Eastern plains affordability champ

Lincoln County residents spend 18.9% of household income on rent, beating both Colorado's 20.2% state average and the national norm by a meaningful margin. At $54,257 median income, the county achieves rare affordability by pairing low housing costs with realistic earnings.

Colorado's most affordable county option

Lincoln's 18.9% rent-to-income ratio ranks among the state's best affordability outcomes, with housing consuming the smallest share of income among comparable Colorado counties. The combination of low rent and reasonable income creates exceptional household financial breathing room.

Eastern plains leader in value

Lincoln's median rent of $854/month runs $399 below Colorado's state average, making it the cheapest renting option in this county set. The median home value of $232,100 similarly anchors Lincoln as the region's most accessible market for buyers.

Both renters and owners find value

Renters pay just $854 monthly while owners spend $815—both well below state norms and reflecting genuine rural affordability. With 18.9% of income going to housing, Lincoln residents enjoy the largest affordability cushion in this county comparison.

Maximum affordability, no compromise

Lincoln County is Colorado's best bet for households with modest incomes seeking stable housing without compromise or stretch—no high-tech income requirements or sacrifice of quality of life. Remote workers earning $50,000+ will find Lincoln dramatically cheaper than any front-range alternative.

Cost of Living Advisory: Lincoln County

Affordability Verdict

Lincoln County is affordable for renters, with a median gross rent of $854/month representing approximately 18.9% of median household income. The rent burden (GRAPI) stands at 26.0%.

Rent vs. Own

At $854/month rent versus $815/month in owner costs, owning is roughly $39/month cheaper — a 5% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,160/year. For owner costs at the 28% rule, the required income is roughly $34,929/year. With a median household income of $54,257, most households can comfortably afford rent here. Notably, 26.0% of renter households in Lincoln County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Lincoln County sits 7% more expensive than Otero County ($796/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Lincoln County

$

Rent Burden

18.9%

of gross income

Max Housing (28% Rule)

$1,266

per month

Owner Cost Burden

18.0%

of gross income

The median home in Lincoln County may be a stretch

Median home value is $232,100. Estimated monthly cost: $1,853 vs. your max of $1,266.

Rent Affordability Guide

Your rent-to-income ratio18.9%
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: $54,257Needed: $34,160
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $54,257Needed: $34,929
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $54,257Needed: $54,016

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 Lincoln County, Colorado?
Lincoln County, Colorado has a median monthly rent of $854/mo and a median home value of $232,100. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Lincoln County?
The median gross rent in Lincoln County is $854/mo. This is 32% below state average for Colorado.
Is Lincoln County affordable?
Lincoln County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lincoln County's rent compare to the state average?
Lincoln County's median rent of $854/mo is 32% below state average of $1,253/mo for Colorado.
What is the median home value in Lincoln County?
The median home value in Lincoln County, Colorado is $232,100. This is 18% below the national median home value of $281,900.

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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.

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