Centennial, CO

Very High · 165

Colorado · Population 107,386 · Updated March 2026

$2,061
Median Rent / Month
$128,167
Median Income
$626,700
Median Home Value
$2,095
Owner Costs / Month

Affordability

How far your income goes in Centennial

19.3%
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

$24,732
Annual Rent
$5,639
State Income Tax
$3,196
Property Tax (est.)

Cost of Living Overview

Centennial 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), Centennial residents can expect to pay median rent of $2,061/month while earning a median household income of $128,167/year.

The median home value in Centennial, CO is $626,700, with typical monthly owner costs around $2,095 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.3% 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 Centennial.

Frequently Asked Questions

Common questions about living costs in Centennial

What is the cost of living in Centennial, CO?
The cost of living index in Centennial, CO is 165 (US average = 100). Median monthly rent is $2,061, median household income is $128,167/year, and the median home value is $626,700.
Is Centennial, CO affordable?
No, Centennial is more expensive than the national average with a cost index of 165. The rent-to-income ratio is 19.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Centennial, CO?
The median gross rent in Centennial, CO is $2,061 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,732.
What is the median household income in Centennial?
The median household income in Centennial, CO is $128,167 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%.