Cost of Living in Teller County, Colorado

$1,746/mo
Median Monthly Rent
$445,000
Median Home Value
39% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,746/mo
39% above state average
Median Home Value
$445,000
58% 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 Teller County Compares

Median monthly rent comparison

Teller County$1,746/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$1,746/mo
Median Gross Rent
$445,000
Median Home Value
$1,422/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Teller County, Colorado

Teller County's rent affordability problem

Teller County's 26.0% rent-to-income ratio far exceeds both Colorado's 20.2% average and national norms, signaling a serious affordability squeeze for renters. At $1,746 monthly rent on an $80,666 median income, Teller residents pay a larger share of earnings for housing than peers nationwide.

Colorado's least affordable for renters

Teller County's 26.0% rent-to-income ratio is the highest in this eight-county sample and significantly above Colorado's 20.2% state average, making it the state's toughest rental market. Despite a respectable $80,666 median income, renters here dedicate more to housing than almost any Colorado county.

Mountain rents with Plains-level income

Teller's $1,746 rent rivals Summit County's mountain premium but on an income ($80,666) far below Summit's $106,255, creating affordability stress absent elsewhere. Even compared to San Miguel ($1,173) and San Juan ($1,076), Teller renters pay 50% more while earning similar incomes—an unsustainable mismatch.

Renters squeezed, owners more stable

Teller renters face the region's worst squeeze, dedicating 26% of income to $1,746 monthly rent, while homeowners pay a more manageable $1,422 (21% of income). This 5-percentage-point gap suggests renting in Teller is a losing proposition compared to ownership for households able to purchase.

Consider ownership or reconsider location

Teller County works only for homebuyers earning $80,666-plus who can access a $445,000 home purchase; renters face unaffordable $1,746 monthly costs. If you're relocating as a renter, nearby San Juan or San Miguel counties offer mountain proximity with dramatically better rent-to-income ratios.

Affordability Calculator

See how your income compares to housing costs in Teller County

$

Rent Burden

26.0%

of gross income

Max Housing (28% Rule)

$1,882

per month

Owner Cost Burden

21.2%

of gross income

The median home in Teller County may be a stretch

Median home value is $445,000. Estimated monthly cost: $3,553 vs. your max of $1,882.

Rent Affordability Guide

Your rent-to-income ratio26.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Teller County, Colorado?
Teller County, Colorado has a median monthly rent of $1,746/mo and a median home value of $445,000. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Teller County?
The median gross rent in Teller County is $1,746/mo. This is 39% above state average for Colorado.
Is Teller County affordable?
Teller 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 Teller County's rent compare to the state average?
Teller County's median rent of $1,746/mo is 39% above state average of $1,253/mo for Colorado.
What is the median home value in Teller County?
The median home value in Teller County, Colorado is $445,000. This is 58% above 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.