CO · Rank 40 of 50 affordable
Can teachers afford to live in Colorado?
Tight, but workable.
The average Colorado teacher earns $63,881 per year. A typical 2-bedroom rents for about $1,904/mo, which is 36% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$63,881
Cost-of-Living Index
112
US avg = 100
Affordability Score
31/100
Renting in Colorado
2BR Rent / mo
$1,904
Annual Rent
$22,848
% of Salary
36%
Left after rent
$3,419/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Colorado
Median Home Price
$470,400
10% Down
$47,040
P&I (7%, 30yr)
$2,817/mo
Full PITI
$3,385/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.