Firestone, CO

Very High · 148

Colorado · Population 17,353 · Updated March 2026

$1,916
Median Rent / Month
$114,591
Median Income
$511,800
Median Home Value
$2,133
Owner Costs / Month

Affordability

How far your income goes in Firestone

20.1%
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

$22,992
Annual Rent
$5,042
State Income Tax
$2,610
Property Tax (est.)

Cost of Living Overview

Firestone has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 148 (where 100 equals the national median), Firestone residents can expect to pay median rent of $1,916/month while earning a median household income of $114,591/year.

The median home value in Firestone, CO is $511,800, with typical monthly owner costs around $2,133 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.1% 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 Firestone.

Frequently Asked Questions

Common questions about living costs in Firestone

What is the cost of living in Firestone, CO?
The cost of living index in Firestone, CO is 148 (US average = 100). Median monthly rent is $1,916, median household income is $114,591/year, and the median home value is $511,800.
Is Firestone, CO affordable?
No, Firestone is more expensive than the national average with a cost index of 148. The rent-to-income ratio is 20.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Firestone, CO?
The median gross rent in Firestone, CO is $1,916 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,992.
What is the median household income in Firestone?
The median household income in Firestone, CO is $114,591 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%.