Greenwood, CO

Very High · 234

Colorado · Population 15,485 · Updated March 2026

$2,119
Median Rent / Month
$145,781
Median Income
$1,213,300
Median Home Value
$2,282
Owner Costs / Month

Affordability

How far your income goes in Greenwood

17.4%
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

$25,428
Annual Rent
$6,414
State Income Tax
$6,188
Property Tax (est.)

Cost of Living Overview

Greenwood has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 234 (where 100 equals the national median), Greenwood residents can expect to pay median rent of $2,119/month while earning a median household income of $145,781/year.

The median home value in Greenwood, CO is $1,213,300, with typical monthly owner costs around $2,282 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.4% 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 Greenwood.

Frequently Asked Questions

Common questions about living costs in Greenwood

What is the cost of living in Greenwood, CO?
The cost of living index in Greenwood, CO is 234 (US average = 100). Median monthly rent is $2,119, median household income is $145,781/year, and the median home value is $1,213,300.
Is Greenwood, CO affordable?
No, Greenwood is more expensive than the national average with a cost index of 234. The rent-to-income ratio is 17.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Greenwood, CO?
The median gross rent in Greenwood, CO is $2,119 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,428.
What is the median household income in Greenwood?
The median household income in Greenwood, CO is $145,781 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%.