Glenwood Springs, CO

Very High · 144

Colorado · Population 10,171 · Updated March 2026

$1,717
Median Rent / Month
$87,000
Median Income
$592,000
Median Home Value
$1,723
Owner Costs / Month

Affordability

How far your income goes in Glenwood Springs

23.7%
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

$20,604
Annual Rent
$3,828
State Income Tax
$3,019
Property Tax (est.)

Cost of Living Overview

Glenwood Springs has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 144 (where 100 equals the national median), Glenwood Springs residents can expect to pay median rent of $1,717/month while earning a median household income of $87,000/year.

The median home value in Glenwood Springs, CO is $592,000, with typical monthly owner costs around $1,723 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.7% 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 Glenwood Springs.

Frequently Asked Questions

Common questions about living costs in Glenwood Springs

What is the cost of living in Glenwood Springs, CO?
The cost of living index in Glenwood Springs, CO is 144 (US average = 100). Median monthly rent is $1,717, median household income is $87,000/year, and the median home value is $592,000.
Is Glenwood Springs, CO affordable?
No, Glenwood Springs is more expensive than the national average with a cost index of 144. The rent-to-income ratio is 23.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Glenwood Springs, CO?
The median gross rent in Glenwood Springs, CO is $1,717 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,604.
What is the median household income in Glenwood Springs?
The median household income in Glenwood Springs, CO is $87,000 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%.