Sherrelwood, CO

Above Avg · 120

Colorado · Population 19,368 · Updated March 2026

$1,627
Median Rent / Month
$73,849
Median Income
$412,200
Median Home Value
$1,618
Owner Costs / Month

Affordability

How far your income goes in Sherrelwood

26.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$19,524
Annual Rent
$3,249
State Income Tax
$2,102
Property Tax (est.)

Cost of Living Overview

Sherrelwood has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 120 (where 100 equals the national median), Sherrelwood residents can expect to pay median rent of $1,627/month while earning a median household income of $73,849/year.

The median home value in Sherrelwood, CO is $412,200, with typical monthly owner costs around $1,618 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.4%, Sherrelwood falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Sherrelwood.

Frequently Asked Questions

Common questions about living costs in Sherrelwood

What is the cost of living in Sherrelwood, CO?
The cost of living index in Sherrelwood, CO is 120 (US average = 100). Median monthly rent is $1,627, median household income is $73,849/year, and the median home value is $412,200.
Is Sherrelwood, CO affordable?
No, Sherrelwood is more expensive than the national average with a cost index of 120. The rent-to-income ratio is 26.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Sherrelwood, CO?
The median gross rent in Sherrelwood, CO is $1,627 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,524.
What is the median household income in Sherrelwood?
The median household income in Sherrelwood, CO is $73,849 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%.