Steamboat Springs, CO

Very High · 184

Colorado · Population 13,341 · Updated March 2026

$1,909
Median Rent / Month
$100,156
Median Income
$874,400
Median Home Value
$1,883
Owner Costs / Month

Affordability

How far your income goes in Steamboat Springs

22.9%
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

$22,908
Annual Rent
$4,407
State Income Tax
$4,459
Property Tax (est.)

Cost of Living Overview

Steamboat Springs has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 184 (where 100 equals the national median), Steamboat Springs residents can expect to pay median rent of $1,909/month while earning a median household income of $100,156/year.

The median home value in Steamboat Springs, CO is $874,400, with typical monthly owner costs around $1,883 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.9% 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 Steamboat Springs.

Frequently Asked Questions

Common questions about living costs in Steamboat Springs

What is the cost of living in Steamboat Springs, CO?
The cost of living index in Steamboat Springs, CO is 184 (US average = 100). Median monthly rent is $1,909, median household income is $100,156/year, and the median home value is $874,400.
Is Steamboat Springs, CO affordable?
No, Steamboat Springs is more expensive than the national average with a cost index of 184. The rent-to-income ratio is 22.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Steamboat Springs, CO?
The median gross rent in Steamboat Springs, CO is $1,909 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,908.
What is the median household income in Steamboat Springs?
The median household income in Steamboat Springs, CO is $100,156 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%.