Broomfield, CO

Very High · 165

Colorado · Population 75,110 · Updated March 2026

$2,074
Median Rent / Month
$121,025
Median Income
$631,600
Median Home Value
$2,055
Owner Costs / Month

Affordability

How far your income goes in Broomfield

20.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Colorado

State-level tax rates that affect your costs

4.4%
Income Tax (Top Rate)
2.9%
Sales Tax
0.51%
Property Tax Rate

Estimated Annual Costs

$24,888
Annual Rent
$5,325
State Income Tax
$3,221
Property Tax (est.)

Cost of Living Overview

Broomfield has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 165 (where 100 equals the national median), Broomfield residents can expect to pay median rent of $2,074/month while earning a median household income of $121,025/year.

The median home value in Broomfield, CO is $631,600, with typical monthly owner costs around $2,055 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Colorado has a moderate income tax rate of 4.4%. Combined with a 2.9% sales tax rate and 0.51% effective property tax rate, the overall tax environment is a factor in the total cost of living in Broomfield.

Frequently Asked Questions

Common questions about living costs in Broomfield

What is the cost of living in Broomfield, CO?
The cost of living index in Broomfield, CO is 165 (US average = 100). Median monthly rent is $2,074, median household income is $121,025/year, and the median home value is $631,600.
Is Broomfield, CO affordable?
No, Broomfield is more expensive than the national average with a cost index of 165. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Broomfield, CO?
The median gross rent in Broomfield, CO is $2,074 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,888.
What is the median household income in Broomfield?
The median household income in Broomfield, CO is $121,025 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Colorado?
Colorado has a top income tax rate of 4.4%, a sales tax of 2.9%, and an effective property tax rate of 0.51%.