Cost of Living in Steamboat Springs, CO

Population 13,341 · Colorado · Data vintage 2023

230
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Steamboat Springs sits 187% above the national median — $874,000 for the typical home — but median household incomes near $100,156 (34% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.

Geographically, Steamboat Springs lies roughly 90 miles west of the nearest major metro, Boulder. Median home values run roughly 11% lower than Boulder's $983,000.

Cost Overview

Housing 287
Rent 145

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

About the Cost of Living in Steamboat Springs

The median home value in Steamboat Springs is $874,400 — 187% above the national median of $305,000. Median rent runs $1,909/month, 45% higher than the national median of $1,314/month. The median household income of $100,156/year is 34% higher than the US median of $74,580. The local unemployment rate is 2.9%, 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, Steamboat Springs has a cost of living index of 230 versus the US average of 100, meaning it is 130% more expensive.

🏠 Housing

Median Home Value
$874,400
187% above avg
Zillow Home Value
$1,283,489
Zillow ZHVI
Median Rent
$1,909/mo
45% above avg
Zillow Rent
$2,750/mo
Zillow ZORI
Price-to-Rent Ratio
38.2x
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 68.5%
Renter-occupied 31.5%

💰 Estimated Monthly Budget

Rent median rent
$1,909
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,523/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
15.3 min
43% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.5%

Commute Mode

Drove alone
64.8%
Carpooled
7.5%
Public transit
1.3%
Walked
2.9%
Bicycle
4.0%
Work from home
18.5%

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
$100,156
34% above avg
Per Capita Income
$69,488
Unemployment Rate
2.9%
40% below avg
Poverty Rate
6.7%
Labor Force Participation
67.1%

🎓 Education

Bachelor's degree+ 36.1%
Graduate degree 21.9%

👥 Demographics

Median Age 43
Male median age 41.9
Female median age 43.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 13 — Good
98.6%
Good air days/yr
58
Max AQI recorded
0
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Steamboat Springs, CO?

Steamboat Springs has a cost index of 230 (100 = national average). It is 130% above the national average.

What is average rent in Steamboat Springs, CO?

The median gross rent in Steamboat Springs is $1,909 per month based on 2023 Census data.

What is the average home price in Steamboat Springs?

The median home value in Steamboat Springs is $874,400 according to Zillow and Census data.

What is the median income in Steamboat Springs?

The median household income in Steamboat Springs is $100,156 per year (2023 ACS 5-year estimates).

What is the sales tax in Steamboat Springs, CO?

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

Is Steamboat Springs, CO affordable?

Steamboat Springs is above average in cost of living, with an index of 230 — about 130% higher than the national average.

Steamboat Springs at a Glance

Population
13,341
Median Income
$100,156
Home Value
$874,400
Median Rent
$1,909/mo
Unemployment
2.9%
Sales Tax
7.8%
View all cities in Colorado →
🗺️ County data for Colorado

Explore county-level cost of living data

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