Colorado
2026 Cost of Living Report

The 5 Cheapest Places
to Live in Colorado

We analyzed housing markets, tax rates, and daily expenses across 16 cities to maximize your budget.

#1 Value Pick
Pueblo
Lowest Cost Index
Cheapest Big City
Pueblo
Best metro area value
Avg 1BR Rent
$881/mo
In top 5 affordable cities
#1
Pueblo
Cost Index
92.4
1BR Rent
$881
Median Income
$57k
#2
Greeley
Cost Index
96
1BR Rent
$1190
Median Income
$64k
#3
Colorado Springs
Cost Index
97.4
1BR Rent
$1408
Median Income
$83k
#4
Fort Collins
Cost Index
96.6
1BR Rent
$1350
Median Income
$82k
#5
Loveland
Cost Index
96.6
1BR Rent
$1497
Median Income
$77k

2026 Scientific Ranking: Best Places to Live in Colorado

Methodology Brief
Ocity.org’s 2026 ranking of Colorado’s optimal municipalities relies on a weighted algorithm analyzing 16 populated areas. The metric prioritizes resident safety (40% weighting), economic output (30% weighting), and housing affordability (30% weighting). Safety is derived from violent crime rates per 100,000 residents; economic output is measured by median household income; and affordability is assessed via median one-bedroom rental costs. This data-centric approach eliminates subjective bias, identifying locations where statistical indicators align for high-yield living conditions.

Top 3 Winners Deep Dive

#1: Castle Rock
Castle Rock emerges as the premier destination, achieving a statistically significant balance across all three weighted metrics. It leads the cohort with a median income of $137,383, providing superior economic output for residents. While its violent crime rate of 493/100k is not the absolute lowest, it is offset by the highest income bracket and a moderate rental cost of $1,635. This combination yields the highest aggregate score in our algorithm, establishing Castle Rock as the state’s most optimized environment for financial growth and safety-adjusted living.

#2: Centennial
Centennial ranks second, mirroring Castle Rock’s precise economic and housing metrics. It features an identical rent of $1,635 and a matching violent crime rate of 493/100k. The differentiator is a slightly lower median income of $121,531, which places it just behind the top rank. The city’s larger population of 106,873 indicates a stable, established suburban infrastructure. Centennial’s score demonstrates that maintaining high income and controlled rental costs, even with a moderate safety profile, creates a highly competitive living environment.

#3: Thornton
Thornton secures the third position through a superior safety-optimized profile. It boasts the lowest violent crime rate among the top three at 345/100k, a statistically significant improvement over the leaders. While its median income of $101,679 is lower than Castle Rock or Centennial, it remains well above the state median. Crucially, Thornton shares the identical rental cost of $1,635. This alignment of a safer environment with strong affordability and solid income makes it a high-yield alternative for residents prioritizing security without compromising economic stability.

The 'Hidden Gem': Fort Collins
For residents seeking the optimal balance of income and cost, Fort Collins presents a compelling value proposition. It offers the most affordable housing in the top ten, with a one-bedroom rent of $1,350—fully $485 less per month than the leaders. While its median income of $81,883 is lower, the substantial savings on housing effectively increase disposable income. Coupled with a competitive safety metric (289/100k violent crime rate), Fort Collins delivers a high-value living experience, particularly for those prioritizing cost-efficiency.

Full Rankings Table: Top 10 Colorado Cities

Rank City Population Median Income Violent Crime Rate (per 100k) Rent (1BR)
1 Castle Rock 81,401 $137,383 493 $1,635
2 Centennial 106,873 $121,531 493 $1,635
3 Thornton 144,889 $101,679 345 $1,635
4 Arvada 123,517 $114,384 493 $1,635
5 Westminster 114,882 $92,101 289 $1,635
6 Broomfield 76,860 $112,139 493 $1,835
7 Fort Collins 170,368 $81,883 289 $1,350
8 Lakewood 155,973 $83,987 456 $1,835
9 Colorado Springs 488,670 $83,215 456 $1,408
10 Aurora 394,701 $89,300 534 $1,835

Data Source: Ocity.org 2026 Municipal Analysis. Metrics are derived from the most recent available public data sets.

📈 Cost Breakdown

📊 Top 5 Ranking

🎯 Elite Tier Comparison

Frequently Asked Questions

What is the best place to live in Colorado?

Based on our 2026 analysis of safety, affordability, and economic opportunity, Pueblo ranks as the #1 best place to live in Colorado. Our scoring algorithm weighs violent crime rates (40%), cost of living (30%), and median household income (30%) to determine the best overall location.

What is the safest city in Colorado?

Fort Collins has the lowest violent crime rate among major cities in Colorado, making it the safest option for families and individuals prioritizing security. The city's low crime statistics contribute significantly to its overall ranking.

What is the most affordable place to live in Colorado?

Pueblo offers the best value for residents in Colorado, with a cost of living index below the state average. Housing costs, utilities, and everyday expenses are significantly lower here compared to other major cities.

Which city in Colorado has the highest salaries?

Castle Rock boasts the highest median household income in Colorado, making it ideal for career-focused professionals. The strong job market and high earning potential offset the potentially higher cost of living.

How are the best places to live rankings calculated?

Our rankings use a weighted algorithm: Safety Score (40%) based on FBI violent crime data, Affordability Score (30%) based on cost of living indices, and Prosperity Score (30%) based on median household income from Census Bureau data. Each city receives a composite score out of 100.