12 Cheapest Places To Live In Colorado

Colorado is one of the most expensive states in the US. You will feel exhausted in finding the best and cheapest place in Colorado due to its massive size. However, it has some areas marked as affordable due to lower living costs compared to the national average.

Through this guide, we will help you filter out the most affordable places in Colorado. We will list the places based on their low cost of living and expenses. In the end, you will also get some important tips for living in Colorado peacefully.

Is Colorado Cheap To Live In?

No, Colorado isn’t cheap to live in because it is the eighth-largest state in the US. It has an overall living cost higher than the national average. In comparison to the other US states, Colorado is slightly cheaper. However, some cities and towns seem to be an affordable option for families, young adults, and retirees.

The capital city, Denver, is one of the most expensive cities. While the southern, western, and some other cities are relatively affordable.

Cheapest Places To Live In Colorado For Families

Pueblo

Pueblo is a mid-sized city in Colorado and stands at the top of the list. It holds lower median home prices suitable for families. According to the stats, it is almost 9.7% cheaper than the national average. It also features family-focused facilities with affordable daily living options.

Grand Junction

Grand Junction is also one of the most affordable cities, with a median home price of $ 1,700. It offers lower transportation costs, which is best for families. It also has a strong network in healthcare, arts, and tech. The kids can also enjoy multiple events and mountain biking.

Greeley

Greeley is situated in northwest Colorado with affordable living for families. It has public schools, parks, and hospitals. It has an average house rent of $1400, which is an affordable option for families. It also has job opportunities available in agriculture, healthcare, and education.

Cheapest Places To Live In Colorado For Young Adults

Trinidad

Trinidad is considered an attractive and cheap place to live for young adults. It has a charm of historic infrastructure with quick access to mountain trails and lakes. Moreover, it has plenty of options for young adults to enjoy the music and art scene with an ultimate escape to nature.

Fort Morgan

Fort Morgan is another place of attraction for young adults. It has median house rents with access to an extensive job market. It is suitable for young adults in a quieter space with low living costs. It also has a massive golf course, and multiple music and arts festivals are held for entertainment.

Alamosa

Alamosa is well known for Great Sand Dunes National Park, which attracts young adults for hiking and sandboarding. It has an average house rent of $1200 with low living costs. It also has famous historic museums to educate young adults. Overall, the atmosphere is quiet but scenic with multiple entertainment options.

Cheapest Places To Live In Colorado For Retirees

La Junta

La Junta is the cheapest place to live in Colorado, with a median house rent of only $1000. It has an almost 27% lower living cost than the national average. This would be the ideal location for retirees, offering the most affordable living and convenient access to healthcare facilities. It also has a quiet environment with museums and lakes where retirees can enjoy themselves peacefully.

Canon City

Canon City has an affordable and calm environment where retirees can live without hassle. It has a well-known Arkansas River where they can enjoy the natural beauty while fishing. Also, it has a vibrant older community network. The adults can also enjoy multiple cuisines at various restaurants.

Cortez

Cortez is a historically rich place, offering retirees an affordable living with multiple activities. They can enjoy biking, hiking, and horse riding. It also has a senior community center offering activities for adults. They also offer home care and other services to help senior citizens live peacefully.

Most Affordable Towns In Colorado

Lamar

Lamar is one of the most affordable areas in Colorado, offering a median house rent of $1100. It is full of resources with outdoor activities for enjoyment. It also offers camping options where visitors and residents enjoy the wildlife experience. Also, it has open spaces and parks where residents can enjoy various events such as football, basketball, and baseball.

Brush

Brush is situated in the northeastern side of Colorado, offering an affordable and agricultural environment. It is surrounded by the South Palette River, where you can enjoy fishing and watching the agricultural beauty. It is a small town offering a calm feel with extensive amenities.

Walsenburg

Walsenburg has 23% less cost of living compared to the national average. It offers multiple activities such as golfing, swimming in waterparks, fishing, and camping. The town also receives annual rainfall, making the weather more pleasant. Although the job opportunities are affordable, they are limited.

Tips For Living In Colorado

There are a few important tips that you must consider while living in Colorado. First, you must find an affordable place to carry daily expenses. The selected location must be equipped with a range of facilities, including education, amenities, and healthcare. You must be prepared for the sudden weather changes. Moreover, public transport is limited in some cities; you must be car-friendly.

From a safety perspective, it is essential to select a location with the lowest crime rate. You must remain cautious of your surroundings and avoid traveling at night. Please avoid taking low-lit and quieter streets. Additionally, be sure to keep your phone charged and have the emergency contacts readily available.

For enhanced safety, you can install Reolink security cameras for 24/7 surveillance. They are equipped with 4K UHD monitoring, night vision, AI detection, and other advanced features.

FAQS

1. Where is rent cheapest in Colorado?

The areas with the cheapest rentals in Colorado are Lamar, La Junta, and Pueblo. The house rents for a 1-room apartment and studio start from $600 and go up to $1300.

2. Where is the safest but cheapest place to live?

Lamar is considered one of the safest and most affordable places to live. It has a crime rate of only 12.23 crimes per 1000 people. It has the lowest violent and property crime rates compared with other cities.

Conclusion

We have listed some of the cheapest places to live in Colorado. If you want to save money, the low cost of living and minimal expenses in these areas will be really helpful. Just make sure to check other requirements you have, such as education, healthcare, crime rate, entertainment options, etc.