Castle Pines, CO

Very High · 201

Colorado · Population 12,573 · Updated March 2026

$2,128
Median Rent / Month
$189,918
Median Income
$827,900
Median Home Value
$2,813
Owner Costs / Month

Affordability

How far your income goes in Castle Pines

13.4%
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

$25,536
Annual Rent
$8,356
State Income Tax
$4,222
Property Tax (est.)

Cost of Living Overview

Castle Pines has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 201 (where 100 equals the national median), Castle Pines residents can expect to pay median rent of $2,128/month while earning a median household income of $189,918/year.

The median home value in Castle Pines, CO is $827,900, with typical monthly owner costs around $2,813 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.4% 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 Castle Pines.

Frequently Asked Questions

Common questions about living costs in Castle Pines

What is the cost of living in Castle Pines, CO?
The cost of living index in Castle Pines, CO is 201 (US average = 100). Median monthly rent is $2,128, median household income is $189,918/year, and the median home value is $827,900.
Is Castle Pines, CO affordable?
No, Castle Pines is more expensive than the national average with a cost index of 201. The rent-to-income ratio is 13.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Castle Pines, CO?
The median gross rent in Castle Pines, CO is $2,128 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,536.
What is the median household income in Castle Pines?
The median household income in Castle Pines, CO is $189,918 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%.