Cost of Living in Gypsum, CO

Population 8,481 · Colorado · Data vintage 2023

176
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Gypsum run well above the national baseline, with a median of $554,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $124,534 place the city among the better-paid Colorado metros. An unemployment rate of 0.8% points to a labor market well on the tight side of the national distribution.

Gypsum lies roughly 95 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 44% lower than Boulder's $983,000.

Cost Overview

Housing 182
Rent 167

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

About the Cost of Living in Gypsum

The median home value in Gypsum is $553,600 — 82% above the national median of $305,000. Median rent runs $2,198/month, 67% higher than the national median of $1,314/month. The median household income of $124,534/year is 67% higher than the US median of $74,580. The local unemployment rate is 0.8%, 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, Gypsum has a cost of living index of 176 versus the US average of 100, meaning it is 76% more expensive.

🏠 Housing

Median Home Value
$553,600
82% above avg
Zillow Home Value
$687,097
Zillow ZHVI
Median Rent
$2,198/mo
67% above avg
Zillow Rent
$2,875/mo
Zillow ZORI
Price-to-Rent Ratio
21.0x
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 74.1%
Renter-occupied 25.9%

💰 Estimated Monthly Budget

Rent median rent
$2,198
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,812/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
24.7 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.1%

Commute Mode

Drove alone
75.6%
Carpooled
16.3%
Work from home
8.1%

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
$124,534
67% above avg
Per Capita Income
$49,786
Unemployment Rate
0.8%
84% below avg
Poverty Rate
6.7%
Labor Force Participation
64.7%

🎓 Education

Bachelor's degree+ 21.1%
Graduate degree 9.2%

👥 Demographics

Median Age 38
Male median age 35.3
Female median age 42.1

Frequently Asked Questions

What is the cost of living in Gypsum, CO?

Gypsum has a cost index of 176 (100 = national average). It is 76% above the national average.

What is average rent in Gypsum, CO?

The median gross rent in Gypsum is $2,198 per month based on 2023 Census data.

What is the average home price in Gypsum?

The median home value in Gypsum is $553,600 according to Zillow and Census data.

What is the median income in Gypsum?

The median household income in Gypsum is $124,534 per year (2023 ACS 5-year estimates).

What is the sales tax in Gypsum, CO?

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

Is Gypsum, CO affordable?

Gypsum is above average in cost of living, with an index of 176 — about 76% higher than the national average.

Gypsum at a Glance

Population
8,481
Median Income
$124,534
Home Value
$553,600
Median Rent
$2,198/mo
Unemployment
0.8%
Sales Tax
7.8%
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🗺️ County data for Colorado

Explore county-level cost of living data

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