Cost of Living in Montezuma County, Colorado

$974/mo

Median Monthly Rent

$308,100

Median Home Value

22% below state averageUnaffordable

At a Glance

Median Monthly Rent

$974/mo

22% below state average

Median Home Value

$308,100

9% above national

Rent-to-Income Ratio

32.0%

% 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 Montezuma County Compares

Median monthly rent comparison

Montezuma County$974/mo

Colorado Average$1,253/mo

National Median$1,163/mo

Detailed Housing Stats

$974/mo

Median Gross Rent

$308,100

Median Home Value

$907/mo

Monthly Owner Cost

32.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Montezuma County, Colorado

Montezuma County: rural affordability wins

Montezuma County renters spend 18.6% of income on housing, well below the national burden and comfortably below the 30% affordability ceiling. Though median household income of $63,005 trails the U.S. average by $11,750, the county's lower rents mean residents maintain healthier housing ratios than many American peers.

Better than state average, solid ranking

Montezuma County's rent-to-income ratio of 18.6% sits below Colorado's state average of 20.2%, positioning it among the state's more affordable counties. A median rent of $974/month—22% cheaper than the state median—makes this Southwest Colorado market attractive for cost-conscious renters.

Competitive with peers, unique homeowner advantage

Montezuma County's rent of $974 falls between Mineral's $903 and Montrose's $1,120, but its median owner cost of $907 is notably lower than both neighbors, favoring buyers. The $63,005 median income offers middle-ground opportunity for families seeking balance between rural living and economic viability.

Renters and buyers nearly aligned

Monthly rent averages $974 while homeowners spend $907—unusually compressed, suggesting strong value in ownership relative to renting in this market. At $63,005 median income, housing costs represent about 17-19% of monthly earnings, a sustainable balance for most households.

Buyers thrive, renters get fair deals

Montezuma County's low ownership costs ($907/month) and affordable rents ($974/month) make it ideal for families ready to buy or seeking long-term stability. Compare against Montrose County if you prioritize rental flexibility, or Ouray County if you're targeting higher incomes with premium mountain amenities.

Affordability Calculator

See how your income compares to housing costs in Montezuma County

Your Annual Household Income

Rent Burden

18.6%

of gross income

Max Housing (28% Rule)

$1,470

per month

Owner Cost Burden

17.3%

of gross income

The median home in Montezuma County may be a stretch

Median home value is $308,100. Estimated monthly cost: $2,460 vs. your max of $1,470.

Rent Affordability Guide

Your rent-to-income ratio18.6%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Montezuma County, Colorado?

Montezuma County, Colorado has a median monthly rent of $974/mo and a median home value of $308,100. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.

What is the median rent in Montezuma County?

The median gross rent in Montezuma County is $974/mo. This is 22% below state average for Colorado.

Is Montezuma County affordable?

Montezuma County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Montezuma County's rent compare to the state average?

Montezuma County's median rent of $974/mo is 22% below state average of $1,253/mo for Colorado.

What is the median home value in Montezuma County?

The median home value in Montezuma County, Colorado is $308,100. This is 9% above the national median home value of $281,900.