CO · Rank 22 of 50 affordable
Can teachers afford to live in Colorado?
Yes — manageable.
The average Colorado teacher earns $72,781 per year. A typical 2-bedroom rents for about $1,746/mo, which is 29% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$72,781
Cost-of-Living Index
102.7
US avg = 100
Affordability Score
54/100
Renting in Colorado
2BR Rent / mo
$1,746
Annual Rent
$20,951
% of Salary
29%
Left after rent
$4,319/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Colorado
Median Home Price
$431,340
10% Down
$43,134
P&I (7%, 30yr)
$2,583/mo
Full PITI
$3,104/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.