Insights » Cost of Living in Colorado: Cities where Household Expenses are Highest and Lowest in 2024

Cost of Living in Colorado: Cities where Household Expenses are Highest and Lowest in 2024

Colorado skyline

What is the cost of living in Colorado? doxo breaks down key insights about Colorado’s household expenses, with a close eye to how bills differ in towns and cities across the state. The average household in Colorado, doxo’s data reveals, pays $2,553 in bills per month.

doxo’s data also has infographics for 67 cities and towns across Colorado, breaking down localized bill pay data figures. The state-wide rankings for most and least expensive cities provide insight into cost of living in Colorado and how it changes according to location.

The data sheds light on Colorado’s cost of living through other metrics, too. For example, the “percent of household income” data point shows what percentage of household income local residents spend on bills. doxo’s data also indicates how much more or less expensive specific cities are than the national and state average.

Colorado residents pay $2,553 in household bills a month

Colorado residents, overall, have relatively high bills: the state ranks 9th out of 50 states in terms of average monthly spending. Connecticut ranks 8th, with annual monthly expenses of $2,569, and New Hampshire ranks 10th, at $2,482.

Colorado’s household expenses, on average, are 20% higher than the national average of $2,126.

Absolute dollar amounts don’t tell the full story, however. The “percentage of household income” metric provides a more proportional look at bill spending in a particular location. Colorado households spend 34% of their income on household bills.

Annually, Colorado residents pay $77 billion in household bills. See more data about bill pay in Colorado by clicking on the infographic link below.

Data: doxoINSIGHTS’ bill pay infographic about Colorado

  • Average Bill Cost per HH: $2,553 per month
  • State Bill Pay Market Size: $77 billion
  • doxoINSIGHTS State Rank: 9 out of 50
  • Percent of HHI Used for Bills: 34%
  • Difference from the National Average: 20% higher

Housing bill category drives Colorado’s high monthly bill expenses

The average Colorado household pays $2,553 in the 10 most common household bills per month. Rent and mortgage expenses drive the relatively high cost of living, with both being considerably higher than the national average. The average mortgage payment in Colorado is $1,925, and average rent is $1,580, compared to the national average mortgage bill of $1,402 and rent bill of $1,300.

Other than housing-related expenses, auto loans are the most significant of the 10 most common bills for Colorado residents. The average auto loan bill in Colorado is $556 a month, which is more than the national average of $496.

Compared to the national average, utilities are a lower expense for residents of Colorado. The average household in the state pays $328 a month for utilities, compared to the national average of $362.

Health insurance, by contrast, is more expensive in Colorado. While US residents on average spend $114 per month on health insurance, in Colorado they spend $150.

Note: Health Insurance and Life Insurance expenses do not account for payments made by employers on behalf of employees. These just include out-of-pocket expenses. Also, the state and national bill totals take into account the percentage of households that pay a bill.

Average Colorado Household Bill Spending

Bill CategoryAverage Colorado Monthly BillNational Average Monthly BillColorado Percent +/- National Average ($2,126)
Mortgage$1,925$1,40237% higher
Rent$1,580$1,30022% higher
Auto Loan$556$49612% higher
Utilities$328$3629% lower
Auto Insurance$211$2091% higher
Cable & Internet$127$1224% higher
Health Insurance$150$11432% higher
Mobile Phone$123$1212% higher
Alarm & Security$84$851% lower
Life Insurance$100$8715% higher
Total$2,553$2,12620% higher

Avon has the highest cost of living in Colorado for household bills

Residents of Avon pay the highest household bills in the state of Colorado, at an average of $3,339 per month. Erie comes second in the rankings, with residents paying $3,250 on average per month.

In proportion to household income, the monthly bill basket makes up 41% of average household income in Avon and 26% in Erie.

Access detailed infographics about each city or town by clicking on the hyperlinks in the “City” column in the tables below. You can also browse doxoINSIGHTS’ regional bill comparison database to see infographics about more than 4,200 cities and towns across all 50 states in the US.

10 Most Expensive Colorado Cities for Household Bills

Rank
(1-10 out of 67)
CityMonthly Bill Expenses Per Household*Percent of Household Income Used for Bills
1Avon$3,33941%
2Erie$3,25026%
3Parker$3,14428%
4Carbondale$3,10938%
5Louisville$3,09727%
6Thornton$3,06835%
7Evergreen$3,02925%
8Elizabeth$3,02527%
9Arvada$3,01435%
10Englewood$2,99135%
*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).

*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).

Delta has the lowest cost of living in Colorado for household bills

Out of 67 cities and towns, Delta is the most affordable place in Colorado, with residents paying $1,718 on average for household bills. Household bills account for 41% of local income in Delta.

Canon City comes in at the second most affordable town or city in Colorado, with residents paying $1,722 per month on average.

Also on the list of 10 least expensive cities in Colorado are Alamosa ($1,724 per month), Cortez ($1,769 per month), and Montrose ($1,775 per month).

10 Most Affordable Arkansas Cities for Household Bills

Rank
(58-67 out of 67)
CityMonthly Bill Expenses Per HouseholdPercent of Household Income Used for Bills
58Sterling$1,95744%
59Grand Junction$1,92733%
60Pueblo$1,91338%
61Clifton$1,84644%
62Trinidad$1,80441%
63Montrose$1,77533%
64Cortez$1,76936%
65Alamosa$1,72440%
66Canon City$1,72236%
67Delta$1,71841%

Some individuals may be deciding whether to move from a more expensive city to a less expensive one, and doxoINSIGHTS can be a valuable resource for consumers seeking to make key decisions like this, allowing them to compare Colorado’s household expenses against average bills in different cities and states across the country. They can also use doxoINSIGHTS’ regional bill comparison database to compare average costs for nearly 5,000 towns and cities across the country.