Colorado ranks somewhere in the middle when it comes to the most expensive places to live in America, but its cost-of-living is still 5 points above the national average.
That’s good news for pennywise people who want to live in the Centennial State since you can easily make a few adjustments to bring your costs down to the norm.
It all starts with finding the most affordable places to live in Colorado.
Here’s where to start looking.
1. Affordable Places to Live in Colorado for Families
The cost of living in Federal Heights is 25% cheaper than the state average, making it a great choice when you’ve got extra mouths to feed.
About half the population of Federal Heights rent their homes, indicating that it’s a good place if you’re looking for cheap rent before committing to greater things.
This neighborhood suburb of Denver offers easy access to city conveniences and good schools coupled with a suburban feel and plenty of opportunities for relaxation. There are many restaurants, coffee shops, and parks suited to families in Federal Heights.
2. Cheapest Place to Live for a Rural Vibe
Fort Morgan offers down-to-earth living in a rural environment.
Close access to the old Overland Trail means there’s plenty of opportunity for hiking and biking along this historic route too. Jackson Lake Park is the place to go for fishing and numerous water activities too.
If you’re involved in the agricultural industry, Fort Morgan’s a top choice for you with boundless opportunities for profit in an affordable and friendly town.
3. Best Affordable Place to Live for Culture Buffs
Pueblo is another authentic rural destination that is well-known for its excellent foodie culture, especially when it comes to Mexican cuisine.
There are also plenty of places to enjoy music, culture, and scenic enjoyments. It’s ranked among the top ten most affordable places to live in Colorado.
Pueblo is one of the warmer places to live in the state too, so you’ll save on heating and cooling costs, especially if you opt for a solar installation.
4. Low-Budget Living for Outdoor Adventurers
Nestled at the foot of the Rocky Mountains, Canon City has no shortage of attractions for budget-conscious people looking for non-stop outdoor action.
The city has a favorable employment outlook as well as a safe, clean atmosphere.
It’s also home to the state’s number one bucket list attraction, Royal Gorge Bridge, where you can enjoy adrenaline-fuelled rides and gorgeous scenery.
5. Affordable Homes for the Safety Conscious
Grand Junction tops the list of safest places to live in Colorado, this city is also home to the prestigious Colorado National Monument road cycling event and located along the banks of the Colorado River.
This excellent location makes Grand Junction another great place to live for those who love water sports and other outdoor pursuits.
If you want to buy a home, you could pay less than $300,000 for your investment, below the average Colorado housing cost of $397,000.
Moving on Up
Whether you’re looking for affordable places to live in Colorado or want to upgrade your own home cost-effectively, you’re in the right place.
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