Cost of Living in Niwot, CO

Population 3,773 · Colorado · Data vintage 2023

213
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Niwot sits 185% above the national median — $868,000 for the typical home — but median household incomes near $141,621 (90% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 2.4% points to a labor market well on the tight side of the national distribution.

Located 7 miles northeast of Boulder, Niwot falls within that metro's commuting orbit. Median home values run roughly 12% lower than Boulder's $983,000.

Cost Overview

Housing 285
Rent 106

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

About the Cost of Living in Niwot

The median home value in Niwot is $868,400 — 185% above the national median of $305,000. Median rent runs $1,395/month, 6% higher than the national median of $1,314/month. The median household income of $141,621/year is 90% higher than the US median of $74,580. The local unemployment rate is 2.4%, 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, Niwot has a cost of living index of 213 versus the US average of 100, meaning it is 113% more expensive.

🏠 Housing

Median Home Value
$868,400
185% above avg
Zillow Home Value
$380,971
Zillow ZHVI
Median Rent
$1,395/mo
6% above avg
Price-to-Rent Ratio
51.9x
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 81.2%
Renter-occupied 18.8%

💰 Estimated Monthly Budget

Rent median rent
$1,395
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,009/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
22.7 min
16% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
28.0%

Commute Mode

Drove alone
64.2%
Carpooled
3.9%
Public transit
1.6%
Walked
1.1%
Work from home
28.0%

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
$141,621
90% above avg
Per Capita Income
$85,707
Unemployment Rate
2.4%
50% below avg
Poverty Rate
6.3%
Labor Force Participation
50.3%

🎓 Education

Bachelor's degree+ 32.0%
Graduate degree 32.6%

👥 Demographics

Median Age 55.6
Male median age 57.3
Female median age 53.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 50 — Good
52.6%
Good air days/yr
181
Max AQI recorded
93
PM2.5 days
272
Ozone days

Frequently Asked Questions

What is the cost of living in Niwot, CO?

Niwot has a cost index of 213 (100 = national average). It is 113% above the national average.

What is average rent in Niwot, CO?

The median gross rent in Niwot is $1,395 per month based on 2023 Census data.

What is the average home price in Niwot?

The median home value in Niwot is $868,400 according to Zillow and Census data.

What is the median income in Niwot?

The median household income in Niwot is $141,621 per year (2023 ACS 5-year estimates).

What is the sales tax in Niwot, CO?

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

Is Niwot, CO affordable?

Niwot is above average in cost of living, with an index of 213 — about 113% higher than the national average.

Niwot at a Glance

Population
3,773
Median Income
$141,621
Home Value
$868,400
Median Rent
$1,395/mo
Unemployment
2.4%
Sales Tax
7.8%
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🗺️ County data for Colorado

Explore county-level cost of living data

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