The 10 Most Expensive Places To Live In Colorado For 2024


The most expensive cities in Colorado are Cherry Hills Village and Greenwood Village for 2024 based on Saturday Night Science.

Before you decide to relocate to Colorado, it’s important to research the exact cost of living around the state. And that’s what we’re going to help you do.

These are the places in Colorado that cost a pretty penny — the most expensive cities in the state.

We used Saturday Night Science to compare the 2018-2022 American Community Survey on cost of living for the 77 places in Colorado with more than 5,000 people.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Colorado for 2024.


Table Of Contents: Top Ten | Methodology | Summary | Table


What’s the most expensive place to live in Colorado? Well, HomeSnacks crunched the numbers and discovered that Cherry Hills Village is the most expensive place to live in Colorado.

Federal Heights (the cheapest place to live in Colorado) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Colorado and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Colorado For 2024

Cherry Hills Village, CO

Source: Wikipedia User Jeffrey Beall | CC BY 3.0
Overall SnackAbility

10
/10

Population: 6,405
Cost Of Living Index: 232
Median Income: $250,001
Average Home Price: $2,996,340
Home Price To Income Ratio: 12.0x
More on Cherry Hills Village: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Cherry Hills Village is 232. The median income in Cherry Hills Village comes in at $250,001 and the average home value is $2,996,340 for 2024.

Greenwood Village, CO

Source: Wikipedia User No machine-readable author provided. Keflavich assumed (based on copyright claims). | GFDL
Overall SnackAbility

8
/10

Population: 15,537
Cost Of Living Index: 183
Median Income: $139,144
Average Home Price: $1,340,649
Home Price To Income Ratio: 9.6x
More on Greenwood Village: Data | Cost Of Living | Real Estate

The overall cost of living in Greenwood Village is 183. The median income in Greenwood Village comes in at $139,144 and the average home value is $1,340,649 for 2024.

Lone Tree, CO

Source: Wikipedia User Jeffrey Beall | CC BY 3.0
Overall SnackAbility

8.5
/10

Population: 13,993
Cost Of Living Index: 145
Median Income: $121,066
Average Home Price: $927,299
Home Price To Income Ratio: 7.7x
More on Lone Tree: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Lone Tree is 145. The median income in Lone Tree comes in at $121,066 and the average home value is $927,299 for 2024.

Castle Pines, CO

Source: Public domain
Overall SnackAbility

6
/10

Population: 11,811
Cost Of Living Index: 142
Median Income: $189,280
Average Home Price: $863,001
Home Price To Income Ratio: 4.6x
More on Castle Pines: Data | Cost Of Living | Real Estate

The overall cost of living in Castle Pines is 142. The median income in Castle Pines comes in at $189,280 and the average home value is $863,001 for 2024.

Boulder, CO

Source: Public domain
Overall SnackAbility

8
/10

Population: 106,598
Cost Of Living Index: 141
Median Income: $80,243
Average Home Price: $974,246
Home Price To Income Ratio: 12.1x
More on Boulder: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Boulder is 141. The median income in Boulder comes in at $80,243 and the average home value is $974,246 for 2024.

Superior, CO

Source: Wikipedia User Pleiades Two | GFDL
Overall SnackAbility

7.5
/10

Population: 13,146
Cost Of Living Index: 134
Median Income: $149,464
Average Home Price: $827,554
Home Price To Income Ratio: 5.5x
More on Superior: Data | Cost Of Living | Real Estate

The overall cost of living in Superior is 134. The median income in Superior comes in at $149,464 and the average home value is $827,554 for 2024.

Aspen, CO

Source: Wikipedia User Daniel Case | GFDL
Overall SnackAbility

9
/10

Population: 6,952
Cost Of Living Index: 134
Median Income: $94,338
Average Home Price: $3,293,818
Home Price To Income Ratio: 34.9x
More on Aspen: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Aspen is 134. The median income in Aspen comes in at $94,338 and the average home value is $3,293,818 for 2024.

Carbondale, CO

Source: Wikipedia User Pierre Hollard | CC BY-SA 3.0
Overall SnackAbility

7
/10

Population: 6,497
Cost Of Living Index: 134
Median Income: $92,083
Average Home Price: $1,223,499
Home Price To Income Ratio: 13.3x
More on Carbondale: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Carbondale is 134. The median income in Carbondale comes in at $92,083 and the average home value is $1,223,499 for 2024.

Steamboat Springs, CO

Source: Wikipedia User katkimchee | CC BY 2.0
Overall SnackAbility

8.5
/10

Population: 13,251
Cost Of Living Index: 132
Median Income: $93,280
Average Home Price: $1,192,382
Home Price To Income Ratio: 12.8x
More on Steamboat Springs: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Steamboat Springs is 132. The median income in Steamboat Springs comes in at $93,280 and the average home value is $1,192,382 for 2024.

Breckenridge, CO

Source: Wikipedia User Av9 | CC BY-SA 3.0
Overall SnackAbility

7
/10

Population: 5,017
Cost Of Living Index: 131
Median Income: $129,481
Average Home Price: $1,130,739
Home Price To Income Ratio: 8.7x
More on Breckenridge: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Breckenridge is 131. The median income in Breckenridge comes in at $129,481 and the average home value is $1,130,739 for 2024.

Methodology: How We Determined The Most Expensive Places To Live In The Centennial State For 2024

Map Of The Cheapest Places To Live In Colorado
The two most important things to think about when it comes to being able to afford a city in Colorado are:

  1. How much money do I make?
  2. How much do I have to spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing, it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2018-2022 around incomes and costs. They are:

  • Overall Cost Of Living Index
  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

You can then compare these metrics in each of the places in Colorado to figure out which is the most expensive.

You are left with a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index to rank all of the 77 places in Colorado that have more than 5,000 people.

The place with the highest cost of living in Colorado according to the data is Cherry Hills Village. We updated this article for 2024. This article is our tenth time ranking the most expensive places to live in Colorado.

Summary: Taking A Chunk Out Of Your Paycheck In Colorado For 2024

Well, there you have it, the places in Colorado that have the highest cost of living, with Cherry Hills Village ranking as the most expensive city in the Centennial State.

The most expensive cities in Colorado are Cherry Hills Village, Greenwood Village, Lone Tree, Castle Pines, Boulder, Superior, Aspen, Carbondale, Steamboat Springs, and Breckenridge.

Here’s a look at the most affordable cities in Colorado according to the data:

  1. Federal Heights
  2. Lamar
  3. La Junta

For more Colorado reading, check out:

Most Expensive Cities In Colorado

Rank City Cost Of Living Population Median Income Average Home Price Home/Income Ratio
1 Cherry Hills Village 232 6,405 $250,001 $2,996,340 12.0x
2 Greenwood Village 183 15,537 $139,144 $1,340,649 9.6x
3 Lone Tree 145 13,993 $121,066 $927,299 7.7x
4 Castle Pines 142 11,811 $189,280 $863,001 4.6x
5 Boulder 141 106,598 $80,243 $974,246 12.1x
6 Superior 134 13,146 $149,464 $827,554 5.5x
7 Aspen 134 6,952 $94,338 $3,293,818 34.9x
8 Carbondale 134 6,497 $92,083 $1,223,499 13.3x
9 Steamboat Springs 132 13,251 $93,280 $1,192,382 12.8x
10 Breckenridge 131 5,017 $129,481 $1,130,739 8.7x
11 Louisville 130 20,920 $135,840 $821,232 6.0x
12 Eagle 127 7,481 $101,373 $914,956 9.0x
13 Timnath 126 7,122 $162,976 $675,800 4.1x
14 Monument 125 10,548 $102,969 $712,688 6.9x
15 Centennial 124 107,702 $124,617 $630,996 5.1x
16 Erie 124 30,447 $154,509 $727,737 4.7x
17 Castle Rock 122 74,065 $135,985 $655,932 4.8x
18 Golden 122 20,461 $90,990 $820,716 9.0x
19 Durango 122 19,148 $76,177 $707,331 9.3x
20 Avon 121 6,115 $85,817 $1,150,708 13.4x
21 Parker 119 58,733 $126,615 $684,096 5.4x
22 Broomfield 118 73,946 $117,541 $637,472 5.4x
23 Glenwood Springs 117 10,100 $80,806 $793,858 9.8x
24 Littleton 116 45,531 $90,273 $674,009 7.5x
25 Woodland Park 116 7,911 $89,341 $534,640 6.0x
26 Gypsum 115 8,291 $99,726 $676,112 6.8x
27 Lakewood 113 156,149 $82,786 $560,048 6.8x
28 Windsor 113 33,905 $121,754 $567,646 4.7x
29 Estes Park 113 5,906 $63,598 $687,234 10.8x
30 Denver 112 710,800 $85,853 $558,402 6.5x
31 Lafayette 112 30,295 $105,819 $684,062 6.5x
32 Fort Collins 111 168,758 $78,977 $545,188 6.9x
33 Arvada 110 123,066 $106,014 $594,157 5.6x
34 Firestone 110 16,704 $106,960 $562,511 5.3x
35 Commerce City 109 63,050 $96,484 $497,543 5.2x
36 Frederick 109 15,037 $128,078 $545,237 4.3x
37 Severance 109 8,526 $121,047 $494,757 4.1x
38 Colorado Springs 108 479,612 $79,026 $440,298 5.6x
39 Longmont 108 98,282 $89,720 $540,403 6.0x
40 Englewood 108 33,634 $79,375 $522,702 6.6x
41 Wheat Ridge 107 32,263 $79,567 $594,883 7.5x
42 Edgewater 107 5,002 $71,964 $592,807 8.2x
43 Fountain 106 29,498 $80,311 $389,428 4.8x
44 Salida 106 5,697 $63,775 $666,776 10.5x
45 Westminster 105 115,502 $90,651 $521,670 5.8x
46 Wellington 105 11,163 $101,259 $466,351 4.6x
47 Berthoud 105 10,892 $101,817 $592,425 5.8x
48 Loveland 104 76,500 $81,898 $487,758 6.0x
49 Thornton 103 141,799 $95,064 $512,505 5.4x
50 Fruita 103 13,462 $71,550 $430,521 6.0x
51 Aurora 102 387,349 $78,685 $472,149 6.0x
52 Gunnison 102 6,629 $63,229 $564,780 8.9x
53 Eaton 101 5,763 $102,314 $454,752 4.4x
54 Grand Junction 100 65,918 $62,993 $382,198 6.1x
55 Rifle 100 10,420 $72,955 $439,901 6.0x
56 Lochbuie 100 7,963 $84,556 $457,546 5.4x
57 Brighton 99 40,569 $86,975 $497,256 5.7x
58 Northglenn 99 37,948 $77,797 $459,707 5.9x
59 Milliken 99 8,438 $96,772 $443,483 4.6x
60 Sheridan 99 6,062 $53,707 $424,232 7.9x
61 Dacono 98 6,260 $94,783 $483,988 5.1x
62 Montrose 96 20,394 $60,132 $423,228 7.0x
63 Delta 96 9,137 $45,950 $335,333 7.3x
64 Greeley 95 107,949 $65,525 $411,873 6.3x
65 Craig 94 9,013 $52,443 $287,429 5.5x
66 Evans 93 22,092 $75,544 $388,506 5.1x
67 Fort Lupton 93 8,164 $71,293 $451,653 6.3x
68 Cortez 91 8,832 $55,962 $301,599 5.4x
69 Trinidad 90 8,334 $47,908 $242,035 5.1x
70 Brush 90 5,304 $64,475 $289,894 4.5x
71 Pueblo 89 111,430 $52,794 $286,223 5.4x
72 Alamosa 89 9,792 $50,239 $284,458 5.7x
73 Sterling 87 13,466 $44,556 $239,066 5.4x
74 Fort Morgan 86 11,501 $55,407 $318,927 5.8x
75 La Junta 84 7,244 $50,799 $154,737 3.0x
76 Lamar 83 7,667 $48,422 $167,777 3.5x
77 Federal Heights 82 14,173 $56,316 $401,479 7.1x
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.