Cost of Living in Boulder, Colorado

With breathtaking views of the Rocky Mountains to the west and the prairies and plains to the east, the city of Boulder, Colorado is one of the most desirable locations in the state of Colorado. Outdoor enthusiasts enjoy thousands of acres of open space to play, art and music lovers soak up the lively venues, and food lovers can indulge in an eclectic range of cafes, bistros and restaurants. gastronomic establishments.

Boulder sits 5,430 feet above sea level and just 25 miles from the thriving metropolis of Denver. At the end of 2020, Boulder had a population of 105,003 and is the 12th largest city in Colorado. Boulder is also home to the University of Colorado – Boulder, which is one of the largest universities in the state of Colorado. With Boulder’s natural beauty, access to culture, great food, and a strong job market, we consider Boulder to be one of the best places to live in Colorado.

What’s the overall cost of living in Boulder?

The cost of living in Boulder is about 42% higher than the national average and about 29% higher than the rest of Colorado. Housing costs are about 152% higher than the national average, with the median rent being around $ 2,000 per month for a 900 square foot apartment. When you compare living in Boulder versus Denver, Boulder has a 30.1% higher cost of living, and Boulder’s housing costs are about 73.3% higher than in Denver.

Transportation costs are about 5% lower than in other areas of Colorado, health care is about 6% lower than the national average, and groceries on average 6% higher than the national average and Colorado. Boulder is a bike friendly city with a large number of people commuting to work or school by bike. Although transportation costs are lower than the national average, you can further reduce your transportation costs by cycling or walking to your destination.

What is the job market like in Boulder?

The hottest job markets in Boulder include pharmaceuticals, aerospace, biosciences and technology. Aerospace companies include Lockheed Martin, Northrup Grumman, and NDP / Braxton. More than 98 bioscience companies have made their home in Boulder, including AstraZeneca, KBI Biopharma and MBio Diagnostics. Boulder has more than 292 clean tech companies with an employment concentration of more than 4% of the national average in renewable and clean energy resources.

Major cleantech companies include Siemens Power Generation, Gravity Renewables, and juwi Solar and Wind. There are 2.7 times more jobs in the IT industry in Boulder than elsewhere in the United States. The main technology companies are Cisco, Google Boulder, IBM and Oracle. The average household income in Boulder is around $ 68,260 for someone with a graduate degree. Those in highly skilled occupations who have no family earn an average income of about $ 200,000.

How much does an apartment cost in Boulder?

Since the cost of living in Boulder, Colorado is about 42% higher than the national average, most apartments will cost more than other metropolitan areas in Colorado and the rest of the United States.

Average rental costs in Boulder are:

  • $ 1028 for a studio
  • $ 1,516 for a one-bedroom apartment
  • $ 2000 for a two bedroom apartment
  • $ 2,760 for a three-bedroom apartment
  • $ 3,900 for a four bedroom apartment

The most desirable and therefore the most expensive areas to rent an apartment in Boulder are University Heights, University Hill and West Pearl.

How do you find cheap apartments in Boulder?

When looking for an inexpensive apartment that fits your budget, be patient. Even though Boulder has higher than average rents, you can find an apartment to suit your budget. Don’t overlook the proven option of hosting a roommate to share living expenses. Often times, someone who is already renting an apartment and looking for a new roommate will list the rental on social media platforms or by word of mouth. Before embarking on an apartment search project with a potential roommate, make sure and have a roommate agreement drafted so that you are all on the same page on rules and policies. Understanding the rules will help keep peace with your roommate.

What’s the cheapest rent in Boulder?

The cheapest rent you’ll find averages $ 1,287 for a studio. Of course, you’ll want to factor in other costs like utilities, unless the owner pays for them. You also want to factor in transportation costs, especially if you have to live far from your workplace or the school you attend.

Also, keep in mind that you will need to provide a security deposit with at least your first month’s rental cost before you move in, so add that to your budget list. When you want the cheapest rent in Boulder, check out the following neighborhoods – Devil’s Thumb, Majestic Heights, and Martin Acres.

Once you decide to move to Boulder, find a job that can pay you enough to cover apartment rent, utilities, transportation, food, health care, and your children’s school fees. Boulder is a fun town with plenty of opportunities to eat out, watch shows, and take in the many outdoor activities. When determining your cost of living budget in Boulder, Colorado, be sure to include enough cash to take advantage of all that Boulder has to offer.

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