Grand Junction, CO

Average · 91

Colorado · Population 67,027 · Updated March 2026

$1,101
Median Rent / Month
$66,676
Median Income
$358,300
Median Home Value
$1,163
Owner Costs / Month

Affordability

How far your income goes in Grand Junction

19.8%
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

$13,212
Annual Rent
$2,934
State Income Tax
$1,827
Property Tax (est.)

Cost of Living Overview

Grand Junction offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), Grand Junction residents can expect to pay median rent of $1,101/month while earning a median household income of $66,676/year.

The median home value in Grand Junction, CO is $358,300, with typical monthly owner costs around $1,163 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.8% 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 Grand Junction.

Frequently Asked Questions

Common questions about living costs in Grand Junction

What is the cost of living in Grand Junction, CO?
The cost of living index in Grand Junction, CO is 91 (US average = 100). Median monthly rent is $1,101, median household income is $66,676/year, and the median home value is $358,300.
Is Grand Junction, CO affordable?
Yes, Grand Junction is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 19.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Grand Junction, CO?
The median gross rent in Grand Junction, CO is $1,101 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,212.
What is the median household income in Grand Junction?
The median household income in Grand Junction, CO is $66,676 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%.