Cost of Living in Penrose, CO
Population 3,978 · Colorado · Data vintage 2023
(100 = US avg)
Penrose is a smaller Colorado community of around 4000 residents, where median household incomes of $75,109 and housing costs ($276,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 9.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 25 miles west of Pueblo, Penrose falls within that metro's commuting orbit. Median home values run roughly 20% higher than Pueblo's $231,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Penrose
The median home value in Penrose is $276,100 — 9% below the national median of $305,000. The median household income of $75,109/year is 1% higher than the US median of $74,580. The local unemployment rate is 9.0%, 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, Penrose has a cost of living index of 91 versus the US average of 100, meaning it is 9% less expensive.
Penrose has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
🛒 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 Penrose, CO?
Penrose has a cost index of 91 (100 = national average). It is 9% below the national average.
What is the average home price in Penrose?
The median home value in Penrose is $276,100 according to Zillow and Census data.
What is the median income in Penrose?
The median household income in Penrose is $75,109 per year (2023 ACS 5-year estimates).
What is the sales tax in Penrose, CO?
The combined state and local sales tax rate in Penrose is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Penrose, CO affordable?
Penrose is near the national average in terms of cost of living, with an index of 91 (100 = US average).
Penrose at a Glance
- Population
- 3,978
- Median Income
- $75,109
- Home Value
- $276,100
- Unemployment
- 9.0%
- Sales Tax
- 7.8%
Nearby Cities
Explore county-level cost of living data
Colorado Rankings
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