Erie, CO

Very High · 202

Colorado · Population 31,927 · Updated March 2026

$2,775
Median Rent / Month
$163,644
Median Income
$685,900
Median Home Value
$2,708
Owner Costs / Month

Affordability

How far your income goes in Erie

20.3%
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

$33,300
Annual Rent
$7,200
State Income Tax
$3,498
Property Tax (est.)

Cost of Living Overview

Erie has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 202 (where 100 equals the national median), Erie residents can expect to pay median rent of $2,775/month while earning a median household income of $163,644/year.

The median home value in Erie, CO is $685,900, with typical monthly owner costs around $2,708 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.3% 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 Erie.

Frequently Asked Questions

Common questions about living costs in Erie

What is the cost of living in Erie, CO?
The cost of living index in Erie, CO is 202 (US average = 100). Median monthly rent is $2,775, median household income is $163,644/year, and the median home value is $685,900.
Is Erie, CO affordable?
No, Erie is more expensive than the national average with a cost index of 202. The rent-to-income ratio is 20.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Erie, CO?
The median gross rent in Erie, CO is $2,775 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $33,300.
What is the median household income in Erie?
The median household income in Erie, CO is $163,644 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%.