Experts rank Colorado as one of the best states to live in for its strong economy, excellent education and health care systems, exceptional quality of life, safe streets, and affordable properties. Add to that its reputation for excellence in craft brewing, scenic surroundings, and crisp, crisp air, and it’s not hard to see why people want to call Colorado home. With that added demand comes higher rents in some of Colorado’s most iconic locations. However, you can still find attractive and inexpensive places to live in Colorado. If your budget is tight, consider relocating to one of these affordable places to live in Colorado.
The median household income in Trinidad is $ 37,870, well below the state average of $ 77,127. However, calculate the numbers and you will soon see that you don’t have to earn a lot of money to get the most out of life here. Professionals in many industries including social services, education, construction, maintenance and repairs earn more than the national average for their occupations.
Trinidad is a small town in southern Colorado, near the New Mexico border. Residents enjoy a relaxed lifestyle with an emphasis on recreation, including fishing or boating in Trinidad Lake State Park. The park also has 11 miles of trails for hiking and mountain biking. The historic downtown area is home to shops and restaurants that aim to appeal to all tastes and budgets.
You’ll find some of Colorado’s cheapest accommodation in Trinidad. The median monthly rent for a studio in Trinidad is only $ 675, much less than the national average rent of $ 1,097. Since Trinidad is a small city, you may find rental options limited. Act fast when you see ads in Trinidad, one of the cheapest places to live in Colorado.
Grand Junction is another border town to consider when you want to save money. The median household income is $ 49,849, but many professionals earn more than the national average for their industry. If you work in science, social services, sales, construction, or transportation, you’ll likely make more money here than in other US cities.
Grand Junction has a reputation for being one of the safest communities in the state and is very popular with families. They take advantage of all the recreational opportunities that Grand Junction offers. Since the municipality is located on the banks of the Colorado River, you may want to invest in a kayak or paddle board. The hiking trails near the river are also some of the most beautiful in the state. Golf Digest has rated the Redlands Mesa Golf Club as one of the top public golf courses in the state. The Avalon Theater, Museum of the West and various restaurants await you in downtown Grand Junction.
Despite its many attractions, Grand Junction remains one of the cheapest places to live in Colorado. Its family appeal extends to its real estate market. Two-bedroom apartments are below the national average, with a median monthly price of $ 1,070. Studios and one-bedroom apartments are cheaper at around $ 650 and $ 800, respectively. You will find most of the cheapest rentals in town in the northern and northeastern parts of Grand Junction.
Alamosa is another great choice for families looking to save money. Median household incomes in this close-knit community are below the national average at $ 34,840. However, you could earn a lot more than this amount if you have more experience. Health care practitioners in Alamosa earn an average of $ 114,688, significantly higher than the national average of $ 64,417. Professionals in cleaning and maintenance, agriculture, forestry, fishing and construction also earn more in Alamosa than in many towns.
Nestled between the San Juan and Sangre de Cristo mountains, Alamosa ensures that locals are never too far away from their next big adventure. The Great Sand Dunes National Park and Zapata Falls are breathtakingly beautiful. The whole family can have fun at Blanca Vista Park, which has a dog park, two picnic areas, and well-marked trails for hiking and biking. See elk, mule deer, hares, and a range of native and migratory birds at Alamosa Wildlife Refuge. With over 300 sunny days a year, you’ll find plenty of opportunities to explore all of Alamosa’s natural wonders.
As Alamosa is a family community, studios and one bedroom apartments are rare. However, even singles can afford larger apartments here. The median monthly rent for a two-bedroom apartment in Alamosa is $ 750. Even three-bedroom apartments cost less than the national average, with a median monthly rental price of $ 1,025. If you need multi-room accommodation, these low prices can make it Colorado’s cheapest city.
Most of the cities around the Rockies are expensive, but Canon City is one of the cheapest places to live in Colorado. The median household income is $ 44,422, which is lower than the state average. However, employees in many sectors make more money than the national industry average, including people working locally in science, maintenance and repair, production and transportation of materials.
As you can imagine, given its location at the foot of the Rocky Mountains, you’ll find plenty to do around Canon City. Local recreation facilities including the Arkansas Riverwalk Trail, John Griffin Regional Park, Red Canyon Park, and South Canon Trails encourage locals to connect with nature. The Royal Gorge Bridge, one of the tallest bridges on the planet at 955 feet above the Arkansas River, also sits just outside the city limits. The Fremont Civic Theater, Fremont Center for the Arts, and friendly local restaurants are all close to the house, while Colorado Springs and Pueblo are both within easy driving distance.
The median monthly rent for a studio in Canon City is only $ 550, making it one of the cheapest cities in Colorado. If you prefer separate bedrooms and living quarters, a one-bedroom apartment is still below the national average at around $ 900 per month.
If you’re ready to relocate to Colorado, or you’re already here and looking for a more affordable rental, browse Zumper’s listings to find the cheapest place to live in Colorado.