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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Phillips County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Phillips County ranks #2,149 of 3,142 counties for affordability (bottom 32%)
Sourced county brief
Median Gross Rent in Phillips County Reaches $999 Per Month
The median gross rent in Phillips County was estimated at $999 per month, which is $304 below the Colorado unweighted county mean of $1,303. The official ACS B25071 median gross rent as a percentage of household income, or GRAPI, was 27.4% for renter-occupied units. This percentage is 2.2 percentage points lower than the state unweighted county mean of 29.6%. For homeowners, the median selected monthly owner cost for all units was $984, compared to the state unweighted county mean of $1,272. The median home value in the county was $258,200, which is below the state unweighted county mean of $427,513. Median renter-household income was recorded at $46,497. These figures provide a snapshot of local housing costs based on the latest 5-year data release. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Phillips County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.4% of renter household income in Phillips County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $999 per month; median selected monthly owner costs are $984. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $39,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Colorado unweighted mean of county median rents is $1,303 per month. Phillips County's $999 median is 23.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Phillips County
Rent Burden
18.5%
of gross income
Max Housing (28% Rule)
$1,509
per month
Owner Cost Burden
18.3%
of gross income
The median home in Phillips County may be a stretch
Median home value is $258,200. Estimated monthly cost: $2,061 vs. your max of $1,509.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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