Cost of Living in Rio Grande County, Colorado

$782/mo
Median Monthly Rent
$215,400
Median Home Value
38% below state averageUnaffordable

At a Glance

Median Monthly Rent
$782/mo
38% below state average
Median Home Value
$215,400
24% below national
Rent-to-Income Ratio
25.0%
% 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 Rio Grande County Compares

Median monthly rent comparison

Rio Grande County$782/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$782/mo
Median Gross Rent
$215,400
Median Home Value
$875/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Rio Grande County, Colorado

Rio Grande County Delivers Rare Affordability

Rio Grande County's 15.1% rent-to-income ratio ranks among Colorado's lowest, with residents spending just $782 monthly on rent—38% below the state median. Despite income roughly 17% below the national average, families here enjoy housing costs that don't consume their paychecks.

Colorado's Secret Affordability Champion

Rio Grande County ranks second only to Prowers for statewide affordability, with rents and ownership costs that undercut most Colorado markets. The $215,400 median home value and $782 monthly rent position it as a true budget alternative in a high-cost state.

Outvalues Most Regional Peers

Rio Grande's $782 rent costs $177 less than Pueblo and $142 less than Phillips County, making it the San Luis Valley's affordability leader. Homeownership at $875 monthly also beats nearby options, delivering consistent value across all housing types.

Housing Takes Just 15% of Budgets

Rio Grande residents allocate only 15.1% of their $62,166 median income to rent and 16.9% to ownership—both exceptionally low. The $93 gap between rent and ownership costs gives households genuine flexibility without financial compromise.

Rio Grande: True Mountain Affordability

Rio Grande County combines San Luis Valley beauty with some of Colorado's lowest housing costs—renters save $471 monthly versus state average. Consider Rio Grande if you're priced out of Front Range markets and want authentic rural Colorado living without the financial strain.

Affordability Calculator

See how your income compares to housing costs in Rio Grande County

$

Rent Burden

15.1%

of gross income

Max Housing (28% Rule)

$1,451

per month

Owner Cost Burden

16.9%

of gross income

The median home in Rio Grande County may be a stretch

Median home value is $215,400. Estimated monthly cost: $1,720 vs. your max of $1,451.

Rent Affordability Guide

Your rent-to-income ratio15.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Rio Grande County, Colorado?
Rio Grande County, Colorado has a median monthly rent of $782/mo and a median home value of $215,400. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Rio Grande County?
The median gross rent in Rio Grande County is $782/mo. This is 38% below state average for Colorado.
Is Rio Grande County affordable?
Rio Grande County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Rio Grande County's rent compare to the state average?
Rio Grande County's median rent of $782/mo is 38% below state average of $1,253/mo for Colorado.
What is the median home value in Rio Grande County?
The median home value in Rio Grande County, Colorado is $215,400. This is 24% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.