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Cost of Living in Boulder, CO

Population 106,433 · Census ACS 2020–2024 5-year estimates

Median rent$2,018
Median home value$1,039,500
Median household income$87,493

The median rent in Boulder, CO is $2,018/month, 15% higher than the Colorado median and 43% higher than the U.S. median. The median home value is $1,039,500, 212% higher than the national median. Households earn a median of $87,493 a year, 8% lower than the state median.

Affordability

Rent as a share of median income: 27.7%
Income needed for median rent (30% rule): $80,720/yr
Home price-to-income ratio: 11.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $5,256/mo

Run your own numbers: mortgage calculator · hourly to salary

Boulder vs. Colorado vs. U.S.

BoulderColoradoU.S.
Median rent$2,018$1,761$1,413
Median home value$1,039,500$539,400$332,700
Median household income$87,493$95,470$80,734
Homeownership rate47.2%66.2%65.2%
Bachelor's degree or higher76.8%45.7%35.7%
Poverty rate21.5%9.4%12.5%
Unemployment rate6.0%4.6%5.2%
Work from home34.4%21.0%15.1%
Median age28.837.738.9

FAQ

What is the average rent in Boulder, CO?

The median gross rent in Boulder, CO is $2,018 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Boulder, CO?

Using the common 30% rule, renting a median-priced home takes about $80,720 a year in gross income.

Is Boulder, CO expensive to live in?

Rent there is 43% higher than the U.S. median, and the median home costs about 11.9 times the median household income.

Other cities in Colorado

Denver, CORent $1,831 · Income $94,718Colorado Springs, CORent $1,648 · Income $84,818Aurora, CORent $1,835 · Income $88,368Fort Collins, CORent $1,690 · Income $85,070Lakewood, CORent $1,806 · Income $89,792Thornton, CORent $1,895 · Income $103,088

Cities with a similar cost of living

Bailey's Crossroads, VARent $2,021 · Income $88,483Kihei, HIRent $2,045 · Income $87,772Imperial Beach, CARent $2,011 · Income $86,111Ontario, CARent $2,030 · Income $88,941Peekskill, NYRent $2,036 · Income $85,954Davie, FLRent $2,066 · Income $87,250

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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