Gunbarrel, CO

Very High · 175

Colorado · Population 10,424 · Updated March 2026

$1,924
Median Rent / Month
$111,506
Median Income
$789,200
Median Home Value
$1,881
Owner Costs / Month

Affordability

How far your income goes in Gunbarrel

20.7%
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

$23,088
Annual Rent
$4,906
State Income Tax
$4,025
Property Tax (est.)

Cost of Living Overview

Gunbarrel has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 175 (where 100 equals the national median), Gunbarrel residents can expect to pay median rent of $1,924/month while earning a median household income of $111,506/year.

The median home value in Gunbarrel, CO is $789,200, with typical monthly owner costs around $1,881 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.7% 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 Gunbarrel.

Frequently Asked Questions

Common questions about living costs in Gunbarrel

What is the cost of living in Gunbarrel, CO?
The cost of living index in Gunbarrel, CO is 175 (US average = 100). Median monthly rent is $1,924, median household income is $111,506/year, and the median home value is $789,200.
Is Gunbarrel, CO affordable?
No, Gunbarrel is more expensive than the national average with a cost index of 175. The rent-to-income ratio is 20.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Gunbarrel, CO?
The median gross rent in Gunbarrel, CO is $1,924 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,088.
What is the median household income in Gunbarrel?
The median household income in Gunbarrel, CO is $111,506 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%.