Cost of Living in Summit County, CO
Population 31,017 · Census ACS 2020–2024 5-year estimates
The median rent in Summit County, CO is $1,928/month, 9% higher than the Colorado median and 36% higher than the U.S. median. The median home value is $939,900, 183% higher than the national median. Households earn a median of $109,773 a year, 15% higher than the state median.
Affordability
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Summit County vs. Colorado vs. U.S.
| Summit County | Colorado | U.S. | |
|---|---|---|---|
| Median rent | $1,928 | $1,761 | $1,413 |
| Median home value | $939,900 | $539,400 | $332,700 |
| Median household income | $109,773 | $95,470 | $80,734 |
| Homeownership rate | 72.1% | 66.2% | 65.2% |
| Bachelor's degree or higher | 55.0% | 45.7% | 35.7% |
| Poverty rate | 7.7% | 9.4% | 12.5% |
| Unemployment rate | 5.0% | 4.6% | 5.2% |
| Work from home | 23.7% | 21.0% | 15.1% |
| Median age | 39.5 | 37.7 | 38.9 |
FAQ
What is the average rent in Summit County, CO?
The median gross rent in Summit County, CO is $1,928 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Summit County, CO?
Using the common 30% rule, renting a median-priced home takes about $77,120 a year in gross income.
Is Summit County, CO expensive to live in?
Rent there is 36% higher than the U.S. median, and the median home costs about 8.6 times the median household income.
Other counties in Colorado
Counties with a similar cost of living
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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