Evans, CO

Average · 105

Colorado · Population 22,265 · Updated March 2026

$1,497
Median Rent / Month
$72,926
Median Income
$326,300
Median Home Value
$1,528
Owner Costs / Month

Affordability

How far your income goes in Evans

24.6%
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

$17,964
Annual Rent
$3,209
State Income Tax
$1,664
Property Tax (est.)

Cost of Living Overview

Evans is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 105 (where 100 equals the national median), Evans residents can expect to pay median rent of $1,497/month while earning a median household income of $72,926/year.

The median home value in Evans, CO is $326,300, with typical monthly owner costs around $1,528 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.6% 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 Evans.

Frequently Asked Questions

Common questions about living costs in Evans

What is the cost of living in Evans, CO?
The cost of living index in Evans, CO is 105 (US average = 100). Median monthly rent is $1,497, median household income is $72,926/year, and the median home value is $326,300.
Is Evans, CO affordable?
No, Evans is more expensive than the national average with a cost index of 105. The rent-to-income ratio is 24.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Evans, CO?
The median gross rent in Evans, CO is $1,497 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,964.
What is the median household income in Evans?
The median household income in Evans, CO is $72,926 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%.