Edwards, CO

Very High · 171

Colorado · Population 10,415 · Updated March 2026

$1,885
Median Rent / Month
$90,735
Median Income
$747,700
Median Home Value
$1,971
Owner Costs / Month

Affordability

How far your income goes in Edwards

24.9%
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

$22,620
Annual Rent
$3,992
State Income Tax
$3,813
Property Tax (est.)

Cost of Living Overview

Edwards has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 171 (where 100 equals the national median), Edwards residents can expect to pay median rent of $1,885/month while earning a median household income of $90,735/year.

The median home value in Edwards, CO is $747,700, with typical monthly owner costs around $1,971 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.9% 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 Edwards.

Frequently Asked Questions

Common questions about living costs in Edwards

What is the cost of living in Edwards, CO?
The cost of living index in Edwards, CO is 171 (US average = 100). Median monthly rent is $1,885, median household income is $90,735/year, and the median home value is $747,700.
Is Edwards, CO affordable?
No, Edwards is more expensive than the national average with a cost index of 171. The rent-to-income ratio is 24.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Edwards, CO?
The median gross rent in Edwards, CO is $1,885 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,620.
What is the median household income in Edwards?
The median household income in Edwards, CO is $90,735 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%.