Welby, CO

Above Avg · 112

Colorado · Population 16,232 · Updated March 2026

$1,640
Median Rent / Month
$78,375
Median Income
$347,700
Median Home Value
$1,556
Owner Costs / Month

Affordability

How far your income goes in Welby

25.1%
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

$19,680
Annual Rent
$3,449
State Income Tax
$1,773
Property Tax (est.)

Cost of Living Overview

Welby is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Welby residents can expect to pay median rent of $1,640/month while earning a median household income of $78,375/year.

The median home value in Welby, CO is $347,700, with typical monthly owner costs around $1,556 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.1%, Welby 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 Welby.

Frequently Asked Questions

Common questions about living costs in Welby

What is the cost of living in Welby, CO?
The cost of living index in Welby, CO is 112 (US average = 100). Median monthly rent is $1,640, median household income is $78,375/year, and the median home value is $347,700.
Is Welby, CO affordable?
No, Welby is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 25.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Welby, CO?
The median gross rent in Welby, CO is $1,640 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,680.
What is the median household income in Welby?
The median household income in Welby, CO is $78,375 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%.