The 10 Most Expensive Places to Live in Colorado, Ranked in 2022

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Colorado is one of the most beautiful states in the country. With its Rocky Mountains and abundance of outdoor activities, it’s no wonder people are flocking to the state.

But with all the beauty comes a price tag that can be hard to swallow for some families. The median home value in Colorado is $589,634, according to Zillow, which is about $214,734 more than the national average.

The cost of living in Colorado is 21.1% higher than the national average and ranks as the highest in the country.

If you’re planning on moving to Colorado, you’ll want to make sure your salary will cover your expenses before making any big moves.

Related: The 10 Most Expensive Places to Live in Texas

Most Expensive Places to Live in Colorado

1. Aspen

  • Median Home Price: $2.7M
  • Cost of Living: 290.1%
  • Population: 7,721 (2020)

Aspen, Colorado is one of the most expensive places to live in the state. The median home price is $2.7 million which is well above the state median of $352,000.

The cost of living in Aspen is also high with groceries and utilities costing more than the national average.

Despite the high costs, Aspen remains a popular destination for tourists and residents alike thanks to its natural beauty and abundance of outdoor activities.

2. Vail

  • Median Home Price: $1.6M
  • Cost of Living: 190.9%
  • Population: 5,614 (2020)

Vail, Colorado is one of the most expensive places to live in the state. The cost of living in Vail is significantly higher than the national average and nearly twice as high as the state average.

Housing is the main expense in Vail, with median home prices reaching $1 million.

Apartments and rental properties are also very expensive, with average rates well above $2,000 per month.

Although salaries are typically higher in Vail than in other parts of the state, many residents still find it difficult to cover all of their costs.

Related: Top 10 Most Expensive Cities in Florida

3. Snowmass Village

  • Median Home Price: $1.4M
  • Cost of Living: 199.3%
  • Population: 2,786 (2020)

When it comes to housing costs, Snowmass Village is Colorado’s most expensive place to live.

The average rent for a one-bedroom apartment in Snowmass is $1,700 per month, and the average sales price for a home is over $2 million.

There are many luxury resorts and homes in the area, making it a popular destination for wealthy families and retirees.

While Snowmass Village offers many amenities and opportunities for outdoor recreation, it can be a difficult place to live if you are not wealthy.

4. Edwards

  • Median Home Price: $1.8M
  • Cost of Living: 202.6%
  • Population: 9,347 (2020)

If you are looking for a place to live in Colorado, you may want to skip Edwards. A recent study found that Edwards is the most expensive place to live in the state.

The average home price is $1.2 million, and the median rent is $4,500 per month.

Edwards is a wealthy community located in the Vail Valley. The area is known for its world-class skiing and golf resorts.

In addition to the high cost of housing, the area also has a high cost of living.

There are few affordable apartments or homes available for rent or purchase.

Despite the high prices, Edwards continues to be a popular destination for people who want to live in a beautiful mountain town.

The schools are excellent, and there are plenty of outdoor activities to enjoy year-round.

Related: The 13 Most Expensive Cities to Live in California

5. Avon

  • Median Home Price: $1.1M
  • Cost of Living: 150.9%
  • Population: 6,711 (2020)

Avon, Colorado is an affluent, residential town of about 10,000 residents. The average home value in Avon is $731,000.

Not only is it one of the most expensive places to live in Colorado, but it also has some of the highest taxes in the state.

According to Zillow’s data on 2018 property taxes, Avon homeowners pay an average of $5,868 a year in property taxes—more than double what those who live in Denver pay.

And that does not include the additional school taxes you may have to pay if you have children enrolled in school.

6. Breckenridge

  • Median Home Price: $1.3M
  • Cost of Living: 141.6%
  • Population: 4,885

Breckenridge is a small ski town in Summit County, Colorado. It’s known for its beautiful scenery and outdoor recreation opportunities. But it’s also one of the most expensive places to live in the state.

Breckenridge has a median home price of $2,095,000 and a median rent of $1,185 per month.

The cost of living in Breckenridge is about twice that of the national average.

Goods and services in Breckenridge are about twice as expensive as they are across the state as a whole.

Breckenridge has some great things going for it: It’s close to Denver (about an hour away) and has good access to skiing and snowboarding.

The skiing here is world-class, with plenty of steep runs that will challenge even expert skiers and snowboarders.

There’s also plenty of hiking, biking, rafting, and other activities available year-round.

7. Crested Butte

  • Median Home Price: $1.5M
  • Cost of Living: 160.9%
  • Population: 1,335 (2020)

Crested Butte is a small town with a big-city appeal, and it has everything you need for a great life.

Crested Butte is located in Gunnison County, which is one of the most beautiful parts of Colorado.

The county is home to many stunning natural wonders, including Blue Mesa Reservoir, Curecanti National Recreation Area, and Black Canyon of the Gunnison National Park.

The town doesn’t have a stoplight, which means there are no traffic jams on Main Street or in town.

There are also no franchises: Crested Butte is a destination for people who want to experience local culture, not just visit popular chains like McDonald’s or Starbucks.

The economy here is strong because there are only about 1,000 people living in Crested Butte proper — so everyone has a job!

There are a number of small businesses that employ locals as well as tourists who come to ski and hike during the winter months and summer months respectively.

8. Steamboat Springs

  • Median Home Price: $1.1M
  • Cost of Living: 144.8%
  • Population: 13,048 (2020)

Steamboat Springs is one of the best places to live in Colorado. The town is located in Routt County and has a population of 8,745 people. The city has been named after the hot springs that are located near it.

The area is very popular for skiing and snowboarding, but it also has many other outdoor activities to offer.

The town is home to over 200 shops and restaurants. It also has plenty of parks where you can relax and enjoy yourself while watching the kids play on the playgrounds or go sledding during the winter months.

There are many different types of housing available for you to choose from including condos, apartments, duplexes, and single-family homes.

If you would like more information about living in Steamboat Springs then please contact us today!

9. Boulder

  • Median Home Price: $1.1M
  • Cost of Living: 167.4%
  • Population: 108,777 (2020)

Boulder is one of the best places to live in Colorado. It has a great quality of life and amazing views, and it’s home to the University of Colorado.

Boulder has been ranked as one of the top 10 cities in America for young people by Business Insider, Forbes, Sperling’s Best Places, and more.

The city offers a variety of restaurants, bars, and shops that are sure to please any visitor.

Boulder also has an active nightlife scene with many bars and restaurants that feature live music and entertainment on the weekends.

There are also several outdoor activities including hiking and biking trails throughout Boulder County that offer breathtaking views of nature at any time of year.

10. Carbondale

  • Median Home Price: $1.7M
  • Cost of Living: 147.3%
  • Population: 6,658 (2020)

Carbondale is a small town with a population of 2,000 people, located between Denver and Colorado Springs.

It’s an easy commute to both Denver and Colorado Springs, which makes it perfect for commuters who want to be close to the action but also enjoy their own quiet life in Carbondale.

Carbondale is a great place to raise a family. The schools are excellent, including the high school where over 90% of students graduate and go on to college or other post-secondary education.

Children can also enjoy many youth sports programs including football, soccer, baseball, and basketball leagues.

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