10 Most Affordable Places to Live in Colorado

Colorado, the Centennial State, has long been a magnet for adventurers, nature lovers, and those who simply want to enjoy its breathtaking landscapes. But along with its allure comes a steep price—especially in cities like Denver and Boulder, where housing costs are sky-high. What if you could soak in the beauty and lifestyle of Colorado without draining your bank account? Thankfully, affordable towns and cities still exist, offering not only reasonable living expenses but also a high quality of life.

Here, we present the Top 10 Most Affordable Places to Live in Colorado in 2024. Whether you’re an outdoor enthusiast, a family looking for a safe community, or a professional seeking to plant roots in the Rockies without breaking the bank, this list has something for you. We’ve ranked each city based on factors like housing prices, rent, population, safety, and overall lifestyle.

Before moving to any of these places, it’s important to consider the following factors that apply to all of Colorado:

1. Taxes: Colorado has a fixed state income tax rate of 4.4%, which is lower than many other states. However, it does have a state sales tax, currently set at 2.9%, and local sales taxes can vary depending on the county or city.
2. Climate: Colorado’s climate is highly variable depending on the region. In the Front Range and the plains, winters can bring snow and cold temperatures, while summers are hot and dry. In the mountains, winters are cold and snowy, ideal for skiing, while summers remain cool and comfortable. Colorado experiences more than 300 days of sunshine annually, but sudden weather changes and thunderstorms are common, especially in the late summer months.

Here are 10 cities with the most affordable cost of living in Colorado:

1. Trinidad

Trinidad, often referred to as the Gateway of the Rockies, is a small town in southern Colorado known for its rich history and picturesque location nestled at the base of the Sangre de Cristo Mountains. Trinidad provides a peaceful escape, blending a relaxed lifestyle with the natural beauty of its surroundings.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

Tucked away in southern Colorado near the New Mexico border, Trinidad is a small town with a big personality. With a population of about 8,300, Trinidad offers a mix of historic charm and a burgeoning artistic community. The town is filled with Victorian architecture and a sense of history that harkens back to its days as a coal mining hub, but in recent years, it has reinvented itself as an arts haven.

Trinidad MEDIAN HOUSEHOLD INCOME (2022): $47,908

B. Employment Prospects

Trinidad, Colorado, has a diverse range of employment opportunities across several key sectors. Trinidad State College is one of the largest employers, offering jobs in education, administration, and campus operations. Mount San Rafael Hospital provides numerous positions in healthcare, from medical services to administrative roles. Retail also plays a significant role in the local economy, with Walmart being a major employer in the region. Additionally, Trinidad’s local government and public services offer stable job opportunities, supporting the area’s workforce. Though smaller, Trinidad’s job market is anchored by steady employment in education, healthcare, and retail.

C. Healthcare

Trinidad offers a solid healthcare infrastructure, with Mount San Rafael Hospital serving as the primary medical facility in the area. In terms of safety, Trinidad has its own police department, which works diligently to maintain a secure environment for residents. While Trinidad does experience some crime, its overall crime rate is generally lower than that of larger urban areas in Colorado, making it a relatively safe place to live. 

D. Education

Trinidad offers various educational opportunities that cater to students of all ages. Trinidad State College provides a range of associate degree programs and vocational training, making it a key institution for higher education in the region. The college also supports local artists and creative projects, enhancing its role in the community. For K-12 education, Trinidad School District No. 1 focuses on preparing students for college and careers with comprehensive academic programs and extracurricular activities. Additionally, the presence of local galleries and community spaces provides opportunities for workshops and creative engagement, further enriching the educational landscape in Trinidad.

Over the 2018-2022 period, the high school graduation rate in Trinidad was 89.8%, on par with the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 14.2%, below the Colorado average of 43.7% and below the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Trinidad is known for its rich history, scenic landscapes, and outdoor recreation, making it a unique destination in southern Colorado. Nestled at the base of the Sangre de Cristo Mountains, Trinidad has a distinct charm, blending historic architecture with access to natural beauty. The town is also known for its role as a key stop along the historic Santa Fe Trail. Here are some of the unique things to do in Trinidad:

• Historic Downtown: Explore well-preserved buildings from the 19th century, home to local shops, galleries, and restaurants that reflect the town’s Old West roots. Stop by The Cafe for coffee or Rino’s Italian Restaurant and Steakhouse for dinner, and explore art galleries like Gallery Main and the Trinidad Photography Gallery.
• Trinidad History Museum: Learn about the city’s past with exhibits that highlight its role in the coal mining industry, the Santa Fe Trail, and local culture. The museum is part of the Colorado Historical Society and offers a detailed look into the region’s history.
• Trinidad Lake State Park: Enjoy boating, fishing, and hiking with views of the Sangre de Cristo Mountains, perfect for outdoor enthusiasts. The park offers year-round recreation, with camping sites available for those looking to stay overnight.
• Art and Cultural Events: Trinidad has an emerging arts scene, with galleries like the Corazon Gallery and Carnegie Public Library’s Art Gallery supporting local talent. The annual ArtoCade event, a unique art car parade, attracts creative vehicles and visitors from around the region for a celebration of artistic expression.
• Scenic Byways: Take a drive along the Highway of Legends, a scenic byway that offers stunning views of the mountains, lakes, and old mining towns. The route connects Trinidad to nearby attractions like Cuchara Pass and Spanish Peaks.

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2. Pueblo 

Pueblo, a city of about 111,077 residents, is one of the larger urban centers on this list, but it’s also one of the most affordable. Located in southern Colorado, Pueblo offers a unique blend of history, culture, and affordability, making it a great option for those looking to live in a more urban environment without paying the high prices found in Denver or Boulder.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

Pueblo offers a housing market characterized by affordability and variety compared to larger cities in the state. The market includes a mix of historic homes, modern builds, and ranch-style properties, catering to different tastes and budgets. Pueblo’s relatively lower home prices, combined with its strong sense of community and proximity to outdoor activities, make it an appealing choice for homebuyers seeking more space and value without sacrificing urban amenities. The city’s revitalized downtown area has also attracted interest, further enhancing its appeal as a place to live and invest.

Pueblo MEDIAN HOUSEHOLD INCOME (2022): $52,794

B. Employment Prospects

Pueblo, Colorado, has a strong industrial job market driven by major employers like Evraz Steel and the Vestas wind turbine factory, both of which offer numerous opportunities in manufacturing and renewable energy. The region is also home to Trane Technologies, which specializes in heating, ventilation, and air conditioning systems, further contributing to Pueblo’s industrial base. These key employers support the city’s economy and provide steady job opportunities in skilled trades and production.

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C. Healthcare

Pueblo, Colorado, prioritizes health and safety through facilities like Parkview Medical Center and local emergency services. While the city provides essential healthcare and has a dedicated police force, Pueblo’s crime rate tends to be higher than the state average, particularly for property crimes. However, ongoing community programs and policing efforts aim to improve safety and reduce crime, making it a key focus for local authorities and residents alike.

D. Education

Pueblo offers a range of educational opportunities anchored by Colorado State University Pueblo, which provides higher education programs and workforce development. The city is also served by Pueblo School Districts 60 and 70, offering K-12 education with a focus on academic achievement and extracurricular activities. 

Over the 2018-2022 period, the high school graduation rate in Pueblo was 88.5%, just below the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 21.8%, below the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Known as the “Steel City,” Pueblo, Colorado, combines industrial heritage with a vibrant community and outdoor lifestyle. The city’s affordable living, rich history, and strong car culture make it a unique place to live and visit. Popular indoor and outdoor activities include:

• Pueblo Motorsports Park: A hub for car enthusiasts with drag racing and motorsport events.
• Lake Pueblo State Park: Perfect for boating, fishing, camping, and hiking.
• Historic Arkansas Riverwalk: A scenic spot for walking, dining, and entertainment.
• Pueblo Weisbrod Aircraft Museum: Featuring historic military aircraft.
• El Pueblo History Museum: Showcasing the city’s cultural history.

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3. Fort Morgan

For those who want to escape the hustle and bustle of bigger cities but still want affordability and community, Fort Morgan is an ideal destination. This small town, with a population of about 11,564, sits northeast of Denver and offers the perfect balance of rural charm and accessibility to the Front Range.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

Fort Morgan features a blend of historic homes in established neighborhoods, offering charm and character, as well as newer developments with modern amenities. For those seeking more space, properties with larger lots and rural homes on the outskirts provide a quieter, country-like setting. Fort Morgan’s housing market benefits from its small-town atmosphere while still offering easy access to major highways, making commuting to larger cities like Denver more convenient. The city’s growth, paired with its affordability, makes Fort Morgan an attractive and practical place to settle down.

Fort Morgan MEDIAN HOUSEHOLD INCOME (2022): $55,407

B. Employment Prospects

Fort Morgan offers stable employment prospects driven by its key industries in agriculture, manufacturing, and energy. One of the largest employers is Cargill Meat Solutions, a major player in the city’s economy, providing numerous jobs in food processing and agribusiness. Other significant employers include Leprino Foods, which operates one of the largest cheese plants in the world, and Colorado Plains Medical Center, a central provider of healthcare jobs. Compared to the state and national averages, Fort Morgan’s employment rate is competitive, with opportunities in both skilled trades and professional sectors. The city’s strategic location near major highways also supports growth in transportation and logistics, contributing to a robust and diverse job market.

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C. Healthcare

Fort Morgan provides reliable healthcare services through Colorado Plains Medical Center, which offers a range of medical care, including emergency services, specialized treatments, and routine health services for the community. The city also has several clinics and healthcare providers to ensure residents have access to comprehensive care. In terms of safety, Fort Morgan benefits from a proactive police and fire department.

D. Education

Education in Fort Morgan is centered around the Morgan County School District RE-3, which offers a strong academic foundation from elementary through high school. Fort Morgan High School provides students with a variety of academic and extracurricular opportunities, helping them to succeed both in the classroom and beyond. The high school graduation rate in Fort Morgan is consistently competitive with the state average, reflecting the community’s commitment to education. Additionally, the district offers programs in vocational and technical training, preparing students for both college and career paths. For higher education, nearby Morgan Community College provides options for associate degrees and certifications, further supporting the educational needs of the area.

Over the 2018-2022 period, the high school graduation rate in Fort Morgan was 78.5%, below the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 18.2%, below the Colorado average of 43.7% and below the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Named after a military fort established in the 1860s to protect settlers during westward expansion, Fort Morgan retains a sense of its rich history while offering a variety of activities for residents and visitors. The town blends its historical significance with modern amenities, providing plenty of outdoor and cultural attractions. It’s also famously connected to Glenn Miller, the legendary bandleader who spent his early years there. Here are a few specific things to do in Fort Morgan:

• Riverside Park and Nature Trails: Enjoy walking, biking, and birdwatching along the scenic trails that wind through the park and along the South Platte River.
• Fort Morgan Museum: Learn about the city’s military origins and explore exhibits dedicated to local history, including memorabilia from Glenn Miller, who grew up in the area.
• Jackson Lake State Park: Just a short drive from Fort Morgan, this park offers fishing, boating, swimming, and miles of trails for hiking and wildlife viewing.
• Quail Dunes Golf Course: Tee off at this 18-hole public course that offers beautiful views and a relaxed, welcoming atmosphere for golfers of all skill levels.
• Rainbow Bridge: A historic landmark, this unique concrete arch bridge offers a glimpse into the town’s past and serves as a scenic spot for walks and photography. 
• Glenn Miller SwingFest: Celebrate the town’s musical heritage with this annual festival featuring swing music, honoring the legacy of Glenn Miller.

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4. Alamosa

If wide-open spaces and affordable living are what you’re after, Alamosa is calling your name. Nestled in the San Luis Valley, Alamosa is a small city of about 9,883 people that offers a unique blend of rural living, natural beauty, and affordability.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

As the heart of the San Luis Valley, Alamosa features a mix of historic homes with character, often in close proximity to downtown, and more modern developments on the outskirts of the city. The area’s rural setting allows for larger lots and properties, giving buyers the chance to own spacious land while still being close to amenities. Alamosa’s housing market is particularly attractive to those looking for a quieter, more laid-back lifestyle, with access to the surrounding natural beauty, including the nearby Great Sand Dunes National Park. 

Alamosa MEDIAN HOUSEHOLD INCOME (2022): $50,239

B. Employment Prospects

Alamosa’s employment rate generally falls in line with other rural communities in Colorado, though it can be slightly lower than the state average due to its smaller population and economy. The city’s largest employers reflect its role as a regional hub for education, healthcare, and government services. Adams State University is a key employer, providing jobs in education, administration, and campus operations. The healthcare sector is anchored by San Luis Valley Health, which offers a wide range of medical and support jobs. Additionally, Alamosa School District is a significant source of employment in education. Other major employers include local government offices and retail businesses, as Alamosa serves as a commercial center for the surrounding San Luis Valley. These sectors help stabilize the local economy and provide a range of job opportunities in the area.

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C. Healthcare

Alamosa provides reliable healthcare through San Luis Valley Health, the primary medical provider in the area, offering services such as emergency care, specialized treatments, and routine health services. The San Luis Valley Health Regional Medical Center ensures that residents have access to quality healthcare without needing to travel far.

D. Education

Alamosa School District RE-11J provides a range of academic programs from elementary through high school, with a graduation rate that is consistently competitive with the state average, reflecting the district’s focus on student achievement and post-secondary readiness. Adams State University, a key institution in the area, offers a variety of undergraduate and graduate programs in fields such as education, business, and the arts, while Trinidad State Junior College provides vocational and technical training. Together, these institutions offer a comprehensive educational environment, positioning Alamosa as a regional hub for learning and workforce development.

Over the 2018-2022 period, the high school graduation rate in Alamosa was 91.7%, above the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 28.0%, lower than the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Known as the “Heart of the San Luis Valley,” Alamosa offers a variety of activities that reflect its rich culture and scenic surroundings. Whether you’re exploring the outdoors or enjoying local attractions, Alamosa has something for everyone. Here are some highlights:

• Great Sand Dunes National Park: Just a short drive from Alamosa, this iconic park features the tallest sand dunes in North America, perfect for hiking, sandboarding, and stargazing.
• Rio Grande Scenic Railroad: Take a historic train ride through the stunning landscapes of the San Luis Valley, with opportunities to spot wildlife and enjoy breathtaking mountain views.
• Alamosa Riparian Park: Ideal for nature lovers, this park offers walking trails along the Rio Grande, providing a peaceful setting for birdwatching and outdoor relaxation.
• Downtown Alamosa: Stroll through the historic downtown area and enjoy local favorites like Calvillo’s Mexican Restaurant for authentic Mexican cuisine or The Rubi Slipper for breakfast and brunch. Stop by Treasure Alley or San Luis Valley Brewing Company for unique local shopping and craft brews.
• Zapata Falls: Hike to this hidden gem, a short but rewarding trail that leads to a stunning waterfall tucked into the nearby Sangre de Cristo Mountains.

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5. La Junta

While it may not have the size or name recognition of some of the other places on this list, La Junta offers some of the most affordable living in the state, combined with a relaxed, rural lifestyle.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

La Junta, Colorado, has a unique housing market shaped by its small-town charm and agricultural roots. Homes in La Junta often reflect a mix of historic architecture and more affordable, modest dwellings compared to larger Colorado cities. The area offers a relaxed, slower pace of life, with many homes situated on larger lots, appealing to those seeking space and tranquility. Housing options range from older, well-maintained properties to newer builds, but the overall market remains accessible, with lower median home prices than in the state’s urban centers. Its proximity to the Arkansas River and local amenities makes La Junta an appealing option for those looking for a blend of rural and light urban living.

La Junta MEDIAN HOUSEHOLD INCOME (2022): $50,799

B. Employment Prospects

La Junta offers a range of employment prospects, largely centered around education, healthcare, and agriculture. Otero College is a significant employer, providing opportunities in academics and administration. The Arkansas Valley Regional Medical Center offers jobs in healthcare services, from medical professions to administrative roles. Agriculture plays a key role in the local economy, with companies like Gavilon Grain offering jobs in food production and distribution. Additionally, La Junta Public Schools and the City of La Junta itself provide government and educational employment opportunities, making the town a stable place for job seekers in these sectors.

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C. Healthcare

La Junta, Colorado, prioritizes health and safety through the Arkansas Valley Regional Medical Center, which provides comprehensive healthcare services to the community. The town also has its own police department, ensuring public safety and quick response to local needs. In addition to police services, La Junta benefits from local fire and emergency medical services, maintaining a secure and well-protected setting for residents.

D. Education

La Junta, Colorado, is home to Otero College, offering associate degrees and workforce training, making it a key institution for higher education. La Junta Public Schools provide K-12 education with small class sizes, fostering a close-knit learning environment. 

Over the 2018-2022 period, the high school graduation rate in La Junta was 84.5%, below the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 18.6%, below the Colorado average of 43.7% and national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Known as the “Smile-Hi City,” La Junta, Colorado, offers a variety of unique attractions and activities that highlight its rich history and connection to nature. Some of the top things to do in La Junta include:

• Bent’s Old Fort: Explore a reconstructed 19th-century trading post that played a key role in westward expansion.
• Picketwire Canyonlands: Hike to see one of the largest dinosaur track sites in North America, with over 1,500 visible prints.
• Koshare Indian Museum: View an impressive collection of Native American art and artifacts, along with seasonal performances by the Koshare Dancers.
• La Junta Municipal Golf Course: Enjoy a round of golf at this scenic 9-hole course with views of the surrounding countryside.
• Otero Museum: Discover the town’s history through exhibits featuring antique vehicles, historic homes, and agricultural equipment.

6. Cañon City

Cañon City may be known for the Royal Gorge Bridge, but this small town of about 17,241 offers more than just a tourist attraction. It’s a haven for those who crave adventure—without the price tag of Colorado’s more famous mountain towns. Located along the Arkansas River, Cañon City offers everything from whitewater rafting to hiking and rock climbing, all while maintaining a very affordable cost of living.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

With its scenic surroundings and laid-back atmosphere, Cañon City offers historic homes in established neighborhoods to newer single-family houses, townhomes, and apartments. You’ll also find rural properties just outside the city for those seeking more space and privacy.

Cañon City MEDIAN HOUSEHOLD INCOME (2022): $54,308

B. Employment Prospects

The unemployment rate in Cañon City is 5.7% (June 2024), above the overall Colorado rate of 3.8% and national unemployment rate of 4.1%. The poverty rate is 15.8%, which is above the Colorado poverty rate of 9.3% and above the national poverty rate of 11.1%.

Cañon City offers a range of employment opportunities, with major employers rooted in government, healthcare, and corrections. The Colorado Department of Corrections is one of the largest employers in the area, with several prisons located nearby. Healthcare also plays a significant role, with St. Thomas More Hospital providing jobs in medical care and support services. Additionally, the city’s tourism sector creates opportunities in hospitality, retail, and outdoor recreation, driven by attractions like the Royal Gorge. 

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C. Healthcare

Cañon City offers reliable healthcare services through St. Thomas More Hospital. Additionally, the city has clinics and healthcare facilities that meet the needs of the community. In terms of safety, Cañon City’s crime rate is generally comparable to other small towns in Colorado, though the presence of the Colorado Department of Corrections (DOC) adds a unique factor. The DOC serves as a major employer and works closely with local law enforcement, helping to maintain a secure environment.

D. Education

Education in Cañon City is centered around Fremont RE-1 School District, which serves students from elementary through high school with a focus on academic achievement and extracurricular activities. The district offers a variety of programs, including career and technical education, to prepare students for both college and the workforce. Additionally, Pueblo Community College’s Fremont Campus provides local access to higher education and vocational training, making Cañon City a great option for families seeking a well-rounded educational environment..

Over the 2018-2022 period, the high school graduation rate in Cañon City was 92.6%, above the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 24.9%, below the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Cañon City, known as the “Gateway to the Royal Gorge,” is a hub for outdoor activities and unique local attractions. Whether you’re exploring the famous Royal Gorge or enjoying the scenic beauty of the Arkansas River, there’s no shortage of things to do in this charming city. Here are some highlights:

• Royal Gorge Bridge and Park: Home to one of the world’s highest suspension bridges, the park offers stunning views, thrilling zipline rides, and a sky coaster.
• Hiking and Fishing: The Arkansas River provides great spots for fishing, and the surrounding areas offer a variety of hiking trails, including Skyline Drive with its panoramic ridge views.
• Whitewater Rafting: The Arkansas River is known for its world-class rafting, with rapids for both beginners and experienced rafters.
• Annual Blossom Festival: This springtime event celebrates the region’s agricultural heritage with parades, live music, and local vendors.
• Skyline Drive: A one-way scenic road along the ridge offers breathtaking views of Cañon City and the surrounding landscape, perfect for a leisurely drive or cycling.

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7. Loveland

Nestled just an hour north of Denver, Loveland offers a perfect blend of art, culture, and nature without the hefty price tag you might expect from such a well-rounded city. With a population of 79,352, Loveland feels like a breath of fresh air in the crowded Colorado housing market. It’s known as the “Gateway to the Rockies,” and whether you’re gazing at public art sculptures downtown or hiking around Boyd Lake, this city has an undeniable charm.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

Loveland provides a range of affordable housing options, from newer developments to established neighborhoods. The city’s housing market offers budget-friendly choices for both homebuyers and renters, with options that suit families, young professionals, and retirees. Loveland’s combination of affordability and quality of life makes it an appealing place to settle in Colorado.

Loveland MEDIAN HOUSEHOLD INCOME (2022): $81,898

B. Employment Prospects

The unemployment rate in Loveland is 3.6% (June 2024), below the overall Colorado rate of 3.8% and national unemployment rate of 4.1%. The poverty rate is 7.8%, which is below the Colorado poverty rate of 9.3% and below the national poverty rate of 11.1%.

Loveland has solid employment prospects, with major employers like Woodward, Hach, and Banner Health driving the job market. Opportunities are available in sectors like manufacturing, healthcare, and technology, offering stable career paths for residents. 

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C. Healthcare

Loveland offers excellent healthcare and safety services to its residents. Banner Health operates McKee Medical Center, providing comprehensive medical care, including emergency services and specialized treatments. Loveland’s public safety is supported by the Loveland Police Department and Loveland Fire Rescue Authority, ensuring a well-coordinated response to emergencies and community safety initiatives.

D. Education

Loveland is home to the Thompson School District, which provides quality public education from elementary through high school, with a range of academic and extracurricular opportunities. For higher education, Loveland residents have access to Aims Community College, which offers degree programs, workforce development, and trade certifications. 

Over the 2018-2022 period, the high school graduation rate in Loveland was 96.2%, above the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 39.5%, above the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Known as the “Sweetheart City,” Loveland, Colorado, offers unique attractions and activities for residents and visitors alike:

• Loveland Valentine Re-mailing Program: A beloved tradition where Valentine’s Day cards are stamped and sent from Loveland.
• Benson Sculpture Garden: A park featuring over 150 outdoor sculptures, perfect for art lovers.
• Devil’s Backbone: A popular hiking destination with stunning views and unique geological formations.
• Lake Loveland: Ideal for fishing, picnics, and water activities.
• Festivals: Enjoy events like the Loveland Sculpture Invitational and the annual Corn Roast Festival, celebrating local culture and community.
• Downtown Loveland: Explore local shops, watch an opera at the Rialto Theater, play pinball at The Flipside, dine at restaurants, practice your axe throwing at Axe to Grind, and visit the local craft breweries.

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8. Greeley

Greeley offers a laid-back, affordable alternative to Colorado’s pricier cities while maintaining easy access to the Front Range. Known for its agricultural roots, Greeley combines small-town charm with modern conveniences, making it a great place for families and professionals looking for a balanced lifestyle. With its steady growth, affordable housing, and proximity to outdoor recreation, Greeley is a practical choice for those seeking a comfortable, budget-friendly place to live in Colorado.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

Greeley offers a range of housing options to fit different needs and budgets, from affordable single-family homes in established neighborhoods to newer developments with modern amenities. The city’s real estate market is more affordable than nearby areas, making it an attractive option for first-time homebuyers and families. You’ll find a mix of historic homes, townhouses, and apartments, giving residents plenty of choices whether they’re looking for a quiet suburban feel or something closer to downtown.

Greeley MEDIAN HOUSEHOLD INCOME (2022): $65,525

B. Employment Prospects

The unemployment rate in Greeley is 4.3% (June 2024), above the overall Colorado rate of 3.8% and national unemployment rate of 4.1%. The poverty rate is 15.7%, which is above the Colorado poverty rate of 9.3% and above the national poverty rate of 11.1%.

Greeley’s job market is diverse, with key industries such as agriculture, education, and manufacturing playing a major role. As the seat of Weld County, Greeley serves as a hub for government jobs and public services. The University of Northern Colorado provides opportunities in education and research, while JBS, one of the world’s largest food processing companies, offers employment in manufacturing and agriculture. 

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C. Healthcare

Greeley offers a solid healthcare infrastructure, making it a safe and healthy place to live. The city is home to North Colorado Medical Center, known for its comprehensive care, including trauma services, cancer treatment, and heart health services. In terms of safety, while the city faces some crime challenges, Greeley’s police and fire departments are proactive, with strong community engagement and programs aimed at maintaining a safe environment for residents. This combination of healthcare and safety resources makes Greeley a supportive place for families and individuals.

D. Education

Education in Greeley is anchored by the University of Northern Colorado (UNC), which offers a wide range of undergraduate and graduate programs, contributing to the city’s intellectual and cultural growth. UNC is known for its strong education, nursing, and performing arts programs, attracting students from across the country. Greeley is also served by Weld County School District 6, which provides quality public education with a focus on academic achievement and career readiness, making it an excellent place for families. Additionally, Aims Community College offers vocational training and associate degree programs, rounding out Greeley’s comprehensive educational offerings.

Over the 2018-2022 period, the high school graduation rate in Greeley was 83.6%, below the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 26.8%, below the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Known as “Cow Town,” Greeley blends its agricultural roots with outdoor activities and a growing cultural scene. The surrounding plains, home to pronghorn antelope, emphasize the city’s close connection to nature:

• Greeley Stampede: This annual event attracts over 250,000 visitors, making it one of the largest rodeos in the U.S. It features concerts, rodeo events, and a carnival celebrating the city’s Western heritage.
• Poudre River Trail: Outdoor enthusiasts enjoy this scenic trail for hiking, biking, and birdwatching, offering a peaceful escape along the river.
• Friday Fest: A popular summer event in Downtown Greeley. With live music, street performers, and local food vendors, it creates a lively, welcoming environment for all ages.
• Greeley Arts Picnic: Held each summer, this arts festival showcases local artisans, performers, and crafters, bringing together the community to celebrate creativity and craftsmanship.
• WeldWerks Invitational Festival: This popular beer festival puts Greeley’s craft beer scene on the map, bringing in beer enthusiasts to sample brews from across the country.

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9. Fruita

Fruita may be small, but it packs a punch when it comes to affordability, adventure, and community. Nestled just outside of Grand Junction, this town is the ultimate playground for outdoor lovers. With the Colorado National Monument at its doorstep and some of the best mountain biking trails in the country, Fruita offers endless adventure.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

Fruita offers an incredible mix of small-town charm and open-air adventure, where families, retirees, and young professionals alike can thrive. The numbers below show the median income, cost of living, and the annual spending on housing for owned and rented properties in Fruita.

Fruita MEDIAN HOUSEHOLD INCOME (2022): $71,550

B. Employment Prospects

The unemployment rate in Fruita is 4.4% (June 2024), just above the overall Colorado rate of 3.8% and national unemployment rate of 4.1%. The poverty rate is 6.2%, which is lower than the Colorado poverty rate of 9.3% and lower than the national poverty rate of 11.1%.

Fruita is home to several major employers that contribute to the region’s economy. The healthcare sector plays a significant role, with Family Health West serving as one of the area’s largest employers, offering medical, rehabilitation, and senior care services. Fruita is also supported by outdoor recreation and tourism, with businesses catered to biking, hiking, and adventure tourism bringing jobs in hospitality and retail with them.

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C. Healthcare

Family Health West is the primary healthcare provider in the area, offering a wide range of services, including a hospital, rehabilitation center, assisted living, and outpatient care facilities. For more specialized medical services, residents can easily access larger hospitals and healthcare systems in nearby Grand Junction.

D. Education

Fruita offers strong educational opportunities for students from primary to higher education levels. The local public schools are part of Mesa County Valley School District 51, with Fruita Monument High School being a notable institution providing a wide range of academic and extracurricular programs. 

Over the 2018-2022 period, the high school graduation rate in Fruita was 94.0%, above the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 30.7%, just below the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Fruita offers a variety of activities for outdoor enthusiasts and those seeking a small-town experience:

• Dinosaur Journey Museum: Explore the region’s prehistoric past with exhibits featuring fossils, interactive displays, and life-size dinosaur reconstructions.
• Colorado National Monument: Just outside Fruita, this breathtaking monument offers hiking, scenic drives, and incredible views of canyons and rock formations.
• Riverfront Recreation: Enjoy fishing, rafting, and wildlife viewing along the Colorado River, which runs near Fruita.
• Fruita Fat Tire Festival: A one-of-a-kind annual festival celebrating mountain biking with events, live music, and local brews.

10. Grand Junction

Grand Junction, located on the Western Slope of Colorado, is a city that often flies under the radar but has so much to offer. With a population of about 69,412, it serves as a hub for outdoor enthusiasts and nature lovers. The city is surrounded by stunning landscapes, from the red rock canyons of Colorado National Monument to the lush vineyards of the Grand Valley. Whether you’re hiking, biking, or exploring the region’s wineries, Grand Junction provides a unique blend of natural beauty and small-town charm.

A. Median Household Income, Median Home Value, Annual Spend for Homeowners, and Annual Spend for Renters:

The housing market in Grand Junction offers a unique mix of affordability and variety, making it attractive to a broad range of buyers. From charming historic homes in established neighborhoods to new modern builds in developing areas, Grand Junction provides options for both first-time buyers and those looking for more upscale properties. Grand Junction is becoming an increasingly popular destination for families, retirees, and professionals looking to invest in a home.

Grand Junction MEDIAN HOUSEHOLD INCOME (2022): $62,993

B. Employment Prospects

The unemployment rate in Grand Junction is 4.4% (June 2024), above the overall Colorado rate of 3.8% and national unemployment rate of 4.1%. The poverty rate is 12.6%, which is above the Colorado poverty rate of 9.3% and above the national poverty rate of 11.1%.

Grand Junction’s employment scene is bolstered by several major employers across a variety of industries. The energy industry remains vital, with companies like Chevron and Halliburton providing jobs in oil and gas. Colorado Mesa University is another key employer, contributing to both education and the local economy. Additionally, the Bureau of Land Management (BLM) and other government agencies provide steady employment in public service and land management. With its mix of healthcare, education, energy, and government jobs, Grand Junction supports a robust and stable job market.

C. Healthcare

Grand Junction offers a solid healthcare infrastructure, with St. Mary’s Medical Center being the largest hospital in the region, providing a wide range of medical services from emergency care to specialized treatments. In terms of safety, Grand Junction maintains a proactive approach through its police and fire departments.

D. Education

Education in Grand Junction is centered around a range of quality institutions, from primary to higher education. The Mesa County Valley School District 51 serves the area with a variety of public schools, including elementary, middle, and high schools that focus on academic achievement and extracurricular activities. For higher education, Colorado Mesa University (CMU) is a key player, offering a wide range of undergraduate and graduate programs. CMU has become an important part of the community, not only providing educational opportunities but also contributing to the local economy and culture. Additionally, Western Colorado Community College offers vocational and technical programs, ensuring that students have access to diverse learning paths. Overall, Grand Junction provides a supportive and well-rounded educational environment for residents.

Over the 2018-2022 period, the high school graduation rate in Grand Junction was 92.6%, above the U.S. national average of 89.1%. The population of adults over 25 years of age with a college degree was 35.2%, above the national average of approximately 34.3%.

E. Unique Attributes and Lifestyle

Known as “River City,” Grand Junction is a vibrant hub on Colorado’s Western Slope, offering a unique blend of outdoor adventure, scenic beauty, and cultural attractions. Here are some highlights of what makes Grand Junction special:

• Colorado National Monument: Explore breathtaking red rock canyons, towering monoliths, and miles of hiking trails with stunning views of the surrounding landscape.
• Wine Country: Grand Junction is at the heart of Colorado’s wine region, with numerous vineyards and wineries in the Grand Valley offering tastings and tours.
• Outdoor Recreation: From mountain biking on the world-class Kokopelli Trail to fishing, kayaking, and rafting on the Colorado River, the city is an outdoor enthusiast’s paradise.
• Downtown Grand Junction: Stroll through a charming downtown area filled with local boutiques, art galleries, and restaurants, along with public art sculptures lining the streets.
• Palisade Peaches: Just a short drive away, the town of Palisade is famous for its peach orchards, and locals and visitors alike enjoy seasonal fruit stands and festivals celebrating the harvest.

Conclusion

Living in Colorado doesn’t have to mean paying sky-high prices for housing. Whether you’re drawn to the outdoor adventures of Fruita, the cultural richness of Loveland, or the peaceful simplicity of La Junta, the affordable cities in this list offer something for everyone. From small mountain towns to larger urban centers, this list of the Top 10 Most Affordable Places to Live in Colorado gives you a wide range of options to consider for 2024.

So, if you’re ready to enjoy the beauty and lifestyle of Colorado without breaking the bank, consider making one of these affordable destinations your next home. Whether you’re seeking adventure, community, or just a lower cost of living, Colorado still has plenty of hidden gems waiting to be discovered.