Cost of Living in Golden, CO

Population 20,467 · Colorado · Data vintage 2023

212
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Golden run well above the national baseline, with a median of $791,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $95,913 place the city among the better-paid Colorado metros.

Golden sits roughly 6 miles northwest of Lakewood — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 44% higher than Lakewood's $548,000.

Cost Overview

Housing 259
Rent 141

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

About the Cost of Living in Golden

The median home value in Golden is $790,500 — 159% above the national median of $305,000. Median rent runs $1,854/month, 41% higher than the national median of $1,314/month. The median household income of $95,913/year is 29% higher than the US median of $74,580. The local unemployment rate is 4.5%, 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, Golden has a cost of living index of 212 versus the US average of 100, meaning it is 112% more expensive.

🏠 Housing

Median Home Value
$790,500
159% above avg
Zillow Home Value
$851,378
Zillow ZHVI
Median Rent
$1,854/mo
41% above avg
Zillow Rent
$2,030/mo
Zillow ZORI
Price-to-Rent Ratio
35.5x
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 58.8%
Renter-occupied 41.2%

💰 Estimated Monthly Budget

Rent median rent
$1,854
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,468/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
25.9 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
28.3%

Commute Mode

Drove alone
52.5%
Carpooled
8.0%
Public transit
0.8%
Walked
6.8%
Bicycle
2.3%
Work from home
28.3%

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
$95,913
29% above avg
Per Capita Income
$57,987
Unemployment Rate
4.5%
6% below avg
Poverty Rate
12.9%
Labor Force Participation
62.8%

🎓 Education

Bachelor's degree+ 28.1%
Graduate degree 30.9%

👥 Demographics

Median Age 35.1
Male median age 31.6
Female median age 39.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
56.4%
Good air days/yr
143
Max AQI recorded
0
PM2.5 days
363
Ozone days

Frequently Asked Questions

What is the cost of living in Golden, CO?

Golden has a cost index of 212 (100 = national average). It is 112% above the national average.

What is average rent in Golden, CO?

The median gross rent in Golden is $1,854 per month based on 2023 Census data.

What is the average home price in Golden?

The median home value in Golden is $790,500 according to Zillow and Census data.

What is the median income in Golden?

The median household income in Golden is $95,913 per year (2023 ACS 5-year estimates).

What is the sales tax in Golden, CO?

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

Is Golden, CO affordable?

Golden is above average in cost of living, with an index of 212 — about 112% higher than the national average.

Golden at a Glance

Population
20,467
Median Income
$95,913
Home Value
$790,500
Median Rent
$1,854/mo
Unemployment
4.5%
Sales Tax
7.8%
View all cities in Colorado →
🗺️ County data for Colorado

Explore county-level cost of living data

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