Finding cheap places in Colorado to live has become a top priority for many people who want to enjoy the beauty of the Rocky Mountain State without breaking the bank. Colorado attracts budget-conscious residents with its stunning landscapes, outdoor recreation opportunities, and friendly communities.
However, rising housing costs in major cities like Denver and Boulder have made it tough for many families to afford living in these popular areas.
The good news is that Colorado offers plenty of affordable alternatives across the state. From small mountain towns to eastern plains communities, you can find budget-friendly options that still give you access to Colorado’s amazing lifestyle. When we talk about what makes a city “affordable,” we look at housing costs, utilities, transportation, and everyday expenses like groceries and healthcare.
Table of Contents
What Makes Colorado Cities Affordable?
Understanding what makes certain Colorado cities budget-friendly helps you make smart choices about where to live. Several cost of living factors come into play when determining affordability. Housing typically takes up the biggest chunk of your budget, so finding areas with lower rent or home prices makes a huge difference.
Housing market trends in smaller Colorado towns show that you can often find homes for half the price of what you’d pay in Denver or Colorado Springs. These communities might not have all the big-city amenities, but they offer something special: a chance to live in Colorado without spending your entire paycheck on housing.
The balance between job opportunities and living expenses is crucial when choosing cheap places in Colorado to live. Some towns have lower costs but fewer job options, while others offer more employment opportunities with slightly higher expenses. Quality of life benefits in budget-friendly areas often include shorter commutes, less traffic, cleaner air, and stronger community connections.
Top 10 Cheap Places in Colorado to Live
1. Pueblo
Pueblo stands out as one of the most affordable cities in Colorado, offering big-city amenities at small-town prices.
Average rent and home prices
Housing costs in Pueblo are significantly lower than the state average. You can find decent apartments for around $700-900 per month, while the median home price sits around $150,000. This makes homeownership much more achievable for first-time buyers.
Local job market and industries
Pueblo’s economy centers around healthcare, education, and manufacturing. The city hosts several major employers including Parkview Medical Center and Colorado State University Pueblo. While wages might be lower than in Denver, the reduced living costs often balance out the difference.
Community amenities and attractions
Despite being affordable, Pueblo doesn’t skimp on amenities. The city features a historic downtown district, several parks, and the famous Pueblo Riverwalk. Cultural attractions include art galleries, museums, and annual festivals that bring the community together.
Pros and cons of living in Pueblo
Pros include affordable housing, sunny weather, and a strong sense of community. However, job opportunities can be limited compared to larger cities, and some areas need urban renewal efforts.
2. Grand Junction
Located on Colorado’s Western Slope, Grand Junction offers affordable living with access to incredible outdoor recreation.
Housing affordability overview
Grand Junction provides reasonable housing costs with median rent around $900-1,200 for apartments and home prices averaging $250,000. The city offers more variety in housing options than smaller towns while remaining budget-friendly.
Employment opportunities
The job market includes healthcare, education, energy, and tourism sectors. Major employers like Community Hospital and Colorado Mesa University provide stable employment opportunities.
Outdoor recreation access
Grand Junction is a paradise for outdoor enthusiasts. You’re minutes away from world-class mountain biking, hiking, and skiing, plus the beautiful Colorado National Monument sits right in your backyard.
Transportation and amenities
The city has a regional airport, making travel easier than in more remote areas. Shopping, dining, and entertainment options rival those of larger cities.
3. Greeley
This university town combines affordability with educational opportunities and cultural amenities.
Cost breakdown for renters and buyers
Greeley offers competitive housing costs with average rents around $800-1,100 and median home prices near $300,000. The presence of the university creates a steady rental market.
University town benefits
The University of Northern Colorado brings cultural events, sports, and educational opportunities to the community. This creates a vibrant atmosphere that’s unusual for a city of Greeley’s size.
Local economy and job prospects
Beyond the university, Greeley has strong agricultural and healthcare sectors. The city’s location provides easy access to Denver for additional job opportunities.
Community lifestyle
Greeley offers a nice blend of small-town charm and college town energy. Family-friendly neighborhoods, good schools, and community events make it attractive for all ages.
4. Sterling
For those seeking ultra-affordable living, Sterling delivers some of the lowest housing costs in Colorado.
Ultra-affordable housing options
Sterling’s housing market is incredibly budget-friendly, with average rents under $600 and homes available for under $100,000. This makes it one of the cheapest places in Colorado to live.
Rural living advantages
The peaceful, rural setting offers a slower pace of life, clean air, and tight-knit community connections. You’ll have plenty of space and tranquility.
Limited job market considerations
Employment options are limited, primarily focused on agriculture, healthcare, and education. Many residents commute to larger towns or work remotely.
Small-town community feel
Sterling provides that classic small-town atmosphere where everyone knows their neighbors and community events bring people together.
5. La Junta
This southeastern Colorado town offers affordable living with a rich history and agricultural heritage.
Low cost of living highlights
La Junta features some of the state’s most affordable housing, with average rents around $500-700 and home prices well under $100,000.
Agricultural economy benefits
The strong agricultural base provides stability, though job diversity is limited. The farming community creates a unique cultural atmosphere.
Historic downtown charm
La Junta’s historic downtown district features beautiful architecture and local businesses that reflect the town’s rich heritage.
Climate and location advantages
The area enjoys sunny weather and mild winters compared to mountain regions, making it comfortable year-round.
6. Trinidad
Located near the New Mexico border, Trinidad offers affordable mountain living with cultural diversity.
Budget-friendly real estate market
Housing costs remain low, with average rents around $600-800 and home prices typically under $150,000.
Proximity to New Mexico border
The location provides easy access to New Mexico attractions and potentially more job opportunities in the region.
Local attractions and culture
Trinidad features historic architecture, cultural events, and proximity to beautiful natural areas for outdoor recreation.
Economic opportunities
While limited, the economy includes healthcare, education, and some tourism-related businesses.
7. Canon City
Canon City provides affordable mountain living with access to major attractions.
Affordable mountain living
Despite its mountain location, Canon City maintains reasonable housing costs with rents around $700-1,000 and home prices averaging $200,000.
Tourism and prison industry jobs
The local economy relies heavily on tourism and the state prison system, providing steady employment opportunities.
Outdoor recreation opportunities
Residents enjoy easy access to hiking, fishing, and camping in the surrounding mountains and canyons.
Royal Gorge proximity benefits
Living near the famous Royal Gorge Bridge brings tourism benefits and spectacular scenery right to your doorstep.
8. Alamosa
This San Luis Valley city combines college town amenities with agricultural community charm.
College town affordability
Adams State University keeps the town vibrant while maintaining affordable housing costs around $600-900 for rent.
San Luis Valley location
The valley setting provides beautiful mountain views and a unique high-altitude environment.
Agricultural job market
The strong agricultural economy provides steady employment, though options may be limited for other industries.
Community resources and amenities
The university brings cultural events, sports, and educational opportunities to the community.
9. Lamar
Lamar offers extremely affordable living in Colorado’s southeastern corner.
Extremely low housing costs
Housing costs are among the state’s lowest, with rents often under $500 and homes available for well under $100,000.
Rural Colorado lifestyle
The rural setting provides peace, quiet, and a strong sense of community among residents.
Limited employment options
Job opportunities focus mainly on agriculture, healthcare, and education, with limited diversity in the job market.
Agricultural community benefits
The farming community creates a stable, traditional lifestyle with strong family values.
10. Burlington
This small eastern plains town offers the ultimate in affordable Colorado living.
Small-town affordable living
Burlington features incredibly low housing costs, making it accessible for almost any budget.
Eastern plains location
The flat, rural setting provides wide-open spaces and beautiful sunsets across the prairie.
Tight-knit community atmosphere
The small population creates strong community bonds and a supportive environment.
Limited amenities consideration
While affordable, Burlington has limited shopping, dining, and entertainment options compared to larger cities.
Factors to Consider When Choosing Affordable Colorado Cities
Job availability and income potential
Before choosing cheap places in Colorado to live, research local job markets carefully. Some towns offer great housing deals but limited employment opportunities.
Healthcare access and quality
Consider the availability of medical facilities and specialists, especially if you have ongoing health needs.
School districts for families
If you have children, research school quality and available programs in your potential new community.
Distance to major cities and airports
Think about how often you’ll need to travel and whether the location provides reasonable access to transportation hubs.
Climate and weather patterns
Colorado’s climate varies significantly by region and elevation, so consider what weather conditions you prefer.
Recreation and entertainment options
Decide what activities and amenities are important to your lifestyle and whether they’re available locally.
Tips for Moving to Affordable Colorado Towns
Research local job markets before relocating
Spend time understanding employment opportunities and average wages in your target area.
Consider remote work opportunities
If you can work remotely, you’ll have more flexibility in choosing cheap places in Colorado to live.
Budget for utility costs in mountain areas
Mountain towns often have higher heating costs due to elevation and weather conditions.
Factor in transportation expenses
Rural areas might require more driving, so consider vehicle costs and fuel expenses.
Connect with local community groups
Join local organizations or online groups to learn about the community before moving.
Visit during different seasons
Experience the area in various weather conditions to ensure you’ll be comfortable year-round.
Frequently Asked Questions About Cheap Colorado Living
What is the cheapest city to live in Colorado?
Based on housing costs and overall expenses, towns like Sterling, Lamar, and Burlington typically rank as the most affordable options.
How much money do you need to live comfortably in affordable Colorado cities?
Most cheap places in Colorado to live allow comfortable living on $40,000-60,000 annually, depending on your lifestyle and housing choices.
Are there good job opportunities in smaller Colorado towns?
Job opportunities vary by location but typically focus on healthcare, education, agriculture, and local services. Remote work can expand your options significantly.
What are the downsides of living in cheap Colorado places?
Common challenges include limited job diversity, fewer entertainment options, longer distances to major cities, and sometimes limited healthcare access.
Conclusion
Recap of best affordable Colorado options
These cheap places in Colorado to live offer diverse options for budget-conscious residents, from small agricultural towns to college communities with more amenities.
Importance of balancing cost with lifestyle needs
While saving money is important, make sure your chosen location meets your needs for employment, healthcare, education, and recreation.
Encouragement to research and visit potential cities
Take time to visit your top choices and experience the communities firsthand before making your final decision.
Call-to-action for readers to start their Colorado journey
Don’t let high housing costs keep you from living in beautiful Colorado. Start researching these affordable communities today and begin planning your move to one of these budget-friendly Colorado cities. Your dream of Colorado living is more achievable than you think!