Cost of Living in Carbondale, CO

Population 6,553 · Colorado · Data vintage 2023

225
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Carbondale run well above the national baseline, with a median of $796,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $94,300 place the city among the better-paid Colorado metros.

Carbondale lies roughly 115 miles west of the nearest major metro, Boulder — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 19% lower than Boulder's $983,000.

Cost Overview

Housing 261
Rent 172

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Carbondale

The median home value in Carbondale is $796,100 — 161% above the national median of $305,000. Median rent runs $2,255/month, 72% higher than the national median of $1,314/month. The median household income of $94,300/year is 26% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Carbondale has a cost of living index of 225 versus the US average of 100, meaning it is 125% more expensive.

🏠 Housing

Median Home Value
$796,100
161% above avg
Zillow Home Value
$1,415,112
Zillow ZHVI
Median Rent
$2,255/mo
72% above avg
Zillow Rent
$4,297/mo
Zillow ZORI
Price-to-Rent Ratio
29.4x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$884
1 BR
$960
2 BR
$1,251
3 BR
$1,611
4 BR
$2,004
Owner-occupied 64.1%
Renter-occupied 35.9%

💰 Estimated Monthly Budget

Rent median rent
$2,255
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,869/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.8 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.8%

Commute Mode

Drove alone
56.3%
Carpooled
9.3%
Public transit
5.5%
Walked
5.7%
Bicycle
8.2%
Work from home
14.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.4%
Total Sales Tax 7.8%
State rate 2.9%
Avg local rate 4.9%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$94,300
26% above avg
Per Capita Income
$54,170
Unemployment Rate
3.5%
26% below avg
Poverty Rate
11.7%
Labor Force Participation
76.8%

🎓 Education

Bachelor's degree+ 32.3%
Graduate degree 23.9%

👥 Demographics

Median Age 40.8
Male median age 42.2
Female median age 38.8

Frequently Asked Questions

What is the cost of living in Carbondale, CO?

Carbondale has a cost index of 225 (100 = national average). It is 125% above the national average.

What is average rent in Carbondale, CO?

The median gross rent in Carbondale is $2,255 per month based on 2023 Census data.

What is the average home price in Carbondale?

The median home value in Carbondale is $796,100 according to Zillow and Census data.

What is the median income in Carbondale?

The median household income in Carbondale is $94,300 per year (2023 ACS 5-year estimates).

What is the sales tax in Carbondale, CO?

The combined state and local sales tax rate in Carbondale is 7.8%. The Colorado state income tax top rate is 4.4%.

Is Carbondale, CO affordable?

Carbondale is above average in cost of living, with an index of 225 — about 125% higher than the national average.

Carbondale at a Glance

Population
6,553
Median Income
$94,300
Home Value
$796,100
Median Rent
$2,255/mo
Unemployment
3.5%
Sales Tax
7.8%
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