Cost of Living in Phillips County, Colorado
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Phillips County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Phillips County, Colorado
Phillips County Beats National Housing Costs
Phillips County renters spend 18.8% of income on rent, well below the national average and significantly lower than Colorado's state average of 20.2%. At $947 monthly, the median rent here is $306 cheaper than the state median, making it one of Colorado's more affordable rental markets.
Affordable Housing Across the Board
Phillips County ranks favorably statewide for housing affordability, with a rent-to-income ratio that beats the state average. Both renters and homeowners benefit from costs well below Colorado's typical burden, positioning the county as a budget-friendly option for those seeking stability.
Better Deals Than Surrounding Areas
Compared to nearby counties, Phillips offers reasonable pricing: renters pay less than Pueblo County ($1,059) and homeowners face lower costs than most neighbors. The $255,300 median home value provides entry into ownership without the premium prices seen in mountain resort counties.
Housing Takes Just Under 19% of Income
With a median household income of $60,372, Phillips County residents allocate roughly 18.8% to rent or 16.8% to mortgage payments—both well within the 30% affordability threshold. The gap between rent ($947) and ownership costs ($847) is modest, giving households flexibility in their housing choice.
Consider Phillips for True Affordability
If housing costs are squeezing your budget, Phillips County delivers genuine relief: rents are a third cheaper than state average, and ownership remains accessible. Compare this stability to pricier mountain towns and discover why Phillips appeals to cost-conscious families and remote workers.
Affordability Calculator
See how your income compares to housing costs in Phillips County
Rent Burden
18.8%
of gross income
Max Housing (28% Rule)
$1,409
per month
Owner Cost Burden
16.8%
of gross income
The median home in Phillips County may be a stretch
Median home value is $255,300. Estimated monthly cost: $2,038 vs. your max of $1,409.
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.