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Cost of Living in Castle Rock, CO

Population 79,123 · Census ACS 2020–2024 5-year estimates

Median rent$2,000
Median home value$652,900
Median household income$145,197

The median rent in Castle Rock, CO is $2,000/month, 14% higher than the Colorado median and 42% higher than the U.S. median. The median home value is $652,900, 96% higher than the national median. Households earn a median of $145,197 a year, 52% higher than the state median.

Affordability

Rent as a share of median income: 16.5%
Income needed for median rent (30% rule): $80,000/yr
Home price-to-income ratio: 4.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,301/mo

Run your own numbers: mortgage calculator · hourly to salary

Castle Rock vs. Colorado vs. U.S.

Castle RockColoradoU.S.
Median rent$2,000$1,761$1,413
Median home value$652,900$539,400$332,700
Median household income$145,197$95,470$80,734
Homeownership rate78.8%66.2%65.2%
Bachelor's degree or higher55.9%45.7%35.7%
Poverty rate3.8%9.4%12.5%
Unemployment rate4.4%4.6%5.2%
Work from home28.8%21.0%15.1%
Median age36.537.738.9

FAQ

What is the average rent in Castle Rock, CO?

The median gross rent in Castle Rock, CO is $2,000 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $80,000 a year in gross income.

Is Castle Rock, CO expensive to live in?

Rent there is 42% higher than the U.S. median, and the median home costs about 4.5 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

Hillsborough, NJRent $1,986 · Income $144,112Coppell, TXRent $2,022 · Income $146,235Farragut, TNRent $1,966 · Income $142,093Frisco, TXRent $2,014 · Income $150,212Alpharetta, GARent $1,948 · Income $147,612Elmhurst, ILRent $1,975 · Income $149,644

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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