Cost of Living in Fairmount, CO
Population 10,521 · Colorado · Data vintage 2023
(100 = US avg)
Home prices in Fairmount run well above the national baseline, with a median of $773,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $163,785 place the city among the better-paid Colorado metros. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.
Located <5 miles southwest of Arvada, Fairmount falls within that metro's commuting orbit. Median home values run roughly 29% higher than Arvada's $601,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Fairmount
The median home value in Fairmount is $772,600 — 153% above the national median of $305,000. Median rent runs $2,505/month, 91% higher than the national median of $1,314/month. The median household income of $163,785/year is 120% higher than the US median of $74,580. The local unemployment rate is 1.8%, 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, Fairmount has a cost of living index of 228 versus the US average of 100, meaning it is 128% 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Fairmount, CO?
Fairmount has a cost index of 228 (100 = national average). It is 128% above the national average.
What is average rent in Fairmount, CO?
The median gross rent in Fairmount is $2,505 per month based on 2023 Census data.
What is the average home price in Fairmount?
The median home value in Fairmount is $772,600 according to 2023 Census ACS data.
What is the median income in Fairmount?
The median household income in Fairmount is $163,785 per year (2023 ACS 5-year estimates).
What is the sales tax in Fairmount, CO?
The combined state and local sales tax rate in Fairmount is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Fairmount, CO affordable?
Fairmount is above average in cost of living, with an index of 228 — about 128% higher than the national average.
Fairmount at a Glance
- Population
- 10,521
- Median Income
- $163,785
- Home Value
- $772,600
- Median Rent
- $2,505/mo
- Unemployment
- 1.8%
- Sales Tax
- 7.8%
Nearby Cities
Explore county-level cost of living data
Colorado Rankings
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