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
National Ranking
Affordability Rank
Phillips County ranks #591 of 3,144 counties for affordability (top 19%)
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.
Cost of Living Advisory: Phillips County
Affordability Verdict
For renters in Phillips County, the market is affordable. Expect to pay around $947/month in gross rent, with 26.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Phillips County is $947/month, while owner costs run $847/month. Owning saves approximately $100/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,880/year. For owner costs at the 28% rule, the required income is roughly $36,300/year. With a median household income of $60,372, most households can comfortably afford rent here. Notably, 26.0% of renter households in Phillips County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Phillips County sits 8% more expensive than Las Animas County ($875/month) in terms of median gross rent.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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