Cost of Living in Edwards, CO
Population 10,415 · Colorado · Data vintage 2023
(100 = US avg)
Home prices in Edwards run well above the national baseline, with a median of $748,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $90,735 place the city among the better-paid Colorado metros. At 8.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Edwards lies roughly 80 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 24% lower than Boulder's $983,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Edwards
The median home value in Edwards is $747,700 — 145% above the national median of $305,000. Median rent runs $1,885/month, 43% higher than the national median of $1,314/month. The median household income of $90,735/year is 22% higher than the US median of $74,580. The local unemployment rate is 8.5%, above 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, Edwards has a cost of living index of 204 versus the US average of 100, meaning it is 104% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Edwards, CO?
Edwards has a cost index of 204 (100 = national average). It is 104% above the national average.
What is average rent in Edwards, CO?
The median gross rent in Edwards is $1,885 per month based on 2023 Census data.
What is the average home price in Edwards?
The median home value in Edwards is $747,700 according to Zillow and Census data.
What is the median income in Edwards?
The median household income in Edwards is $90,735 per year (2023 ACS 5-year estimates).
What is the sales tax in Edwards, CO?
The combined state and local sales tax rate in Edwards is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Edwards, CO affordable?
Edwards is above average in cost of living, with an index of 204 — about 104% higher than the national average.
Edwards at a Glance
- Population
- 10,415
- Median Income
- $90,735
- Home Value
- $747,700
- Median Rent
- $1,885/mo
- Unemployment
- 8.5%
- Sales Tax
- 7.8%
Explore county-level cost of living data
Colorado Rankings
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