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The 10 Cheapest Places to Live in Colorado


Colorado is an incredible state to stay in if you are looking for a place with amazing weather, plenty of food, sports, cultural, and outdoor activities. Besides these, Colorado has ongoing employment opportunities in aviation, software, and healthcare. All these factors have made Colorado a fast-growing state. It has also resulted in the soaring prices of real estate. Most people settled in Colorado are students, retirees, expats, and digital nomads. Like any other state, Colorado has its pros and cons. If you are looking for an affordable place in this state, here is a list of the ten cheapest places to live in Colorado, along with their estimated monthly expenditure.

10. Pueblo- ($2922) per month

Pueblo is a cool city in the state of Colorado. The city has a population of about 111,500 students and families. It is a safe place to stay and is famous because it is clean and offers delicious Mexican foods. The pleasant weather, chilly green farms, and exciting views from Lake Pueblo Park are the top attractions that lure people to settle here. If you want to settle with your family, this could be a perfect place because it has the best educational institutions in Colorado. There are also a lot of job opportunities that emanate from the steel-producing industries.

Fall and summer are one of the best seasons in Pueblo. This is the time the market is filled with farming produce. Apart from this, Pueblo has numerous restaurants, cafes, and bars open, so you can be sure you will not get bored. There are many other fun activities, like attending the Colorado State Fair held every summer. The Annual Chile & Frijoles Festival is another event you don't want to miss. The cost of housing in this city is very cheap. Most of the houses cost below $200,000. If you are looking for a place to settle in after employment, Pueblo is a good place. The cost of living is lower than the national average.

9. Longmont- ($2608) per month

Breathtaking sceneries, many employment opportunities, long trails, and creative craft breweries are the main characteristics of this city. Longmont is a hidden gem in Colorado State. It is one of the cheapest places attracting many people because of its ample opportunities and fun outdoor activities. If you want to buy a house, you can find a great place to settle in at a budget-friendly price. Many Longmont residents are students from Colorado State University, University of Colorado Boulder, and Colorado School of Mines. All these universities are close to Longmont. Employment is not an issue because this city has numerous tech companies. Longmont is considered one of the fastest-growing cities in the United States. The city has a population of around 90,000 and an unemployment rate of less than 3%.

If you are looking for fun activities, you cannot lack one. The city has many restaurants, art galleries, and shopping centers. They also have music venues, skydiving centers, and gaming arcades. If you are looking for a great place to stay, Longmont is an amazing city. According to Moving Waldo, you can buy a home for as little as below $300,000.

8. Trinidad- ($2500-2700) per month

Trinidad is a lovely and unique place to stay in Colorado, especially if you are looking for a place to stay after retirement. It is one of the liveliest cities that is family oriented. The downside of living in this town is that its crime rate is slightly higher than the national average. Trinidad is ranked as one of the cheapest places to live in Colorado because of its wide range of outdoor activities. It also has great employment opportunities, especially in the cannabis and tourism industries. If you are looking for fun activities, this city has numerous biking and hiking trails. You will also get to enjoy exciting sceneries from Lake State Park. Apart from these, locals here enjoy boating, fishing, and camping. They also love to ski and tour the mountainous parts of the city.

Trinidad is usually referred to as the 'Weed Town of USA' because it has more than thirty dispensaries. The population of the city is relatively low, with approximately 8,500 residents. The city is one of the cheapest places to stay because it is cheaper in grocery shopping, home value, and utility. According to ONQ Financial, the cost of living is approximately $2500 to $2700 monthly.

7. Colorado Springs- ($2200) per month

Colorado Springs is an awesome place to stay in Colorado, especially for newcomers. It is a safe place to stay and worth considering if you are looking for a cheap place. The city is located in the foothills of purple mountain majesty. This is a dream destination for tourists because it has thrilling views of the Front Range. Colorado Springs is the second largest city in Colorado. It is also one of the best places to stay because it has diverse cultures and friendly neighborhoods. This makes it an ideal place for digital nomads and families to reside. Many people are migrating to this city from Texas and California. According to Up Nest, its population stands at 464,480. The city is growing rapidly and has increased economic growth, attracting a huge percentage of the population. Other features that attract people to live here are the numerous outdoor activities.

Colorado Springs is a top honeymoon destination for many lovers. This is because the city is cheap and has many activities, like hiking, biking, and mountain viewing. There are many spectacular parks where you can relax in the evening or on weekends. Despite the high population, you will enjoy living in this city. It is affordable regarding healthcare, utility bills, goods, and services.

6. Canon City- ($2061) per month

Canon city is a safe and clean town in Colorado. It is also one of the cheapest places to stay. The city is located at the bottom of the Rocky Mountains. The city's amazing employment opportunities are one of the main things that attract people to live here. It has a low median home value and a lower crime rate. Every year, Canon City experiences an influx of new residents. Many people come here to enjoy the adventurous side of the city and the fun outdoor activities. They also love this city because it is close to Pueblo and Colorado Springs. These features are more appealing to families, digital nomads, and families. The average cost of living is affordable. Transport costs and housing are cheaper while utility bills are a bit expensive.

5. Grand Junction- ($2000-$3900) per month

Grand Junction is known for its great vineyards, cool breweries, and countless outdoor activities. The city is located in western Colorado, a convenient place to access other cities. It is a safe city with a low crime rate. This has attracted a large percentage of expats, female students, and nomads. According to Home Light, the population of the city is estimated to be around 63,000 residents. Grand Junction has a growing economy with the lowest rates of unemployment.

If you love fun and adventure, you will love this city because it has long-hiking trails. Many locals own dogs because the city is a pet-friendly area. Colorado National Monument is found in Grand Junction, making it popular. Others come here for kayaking, paddle boarding, and camping along the Colorado River. The city is also famous for its world-class golf courses. Grand Junction is perfect if you want to settle in a cheap place. Transport costs and housing are affordable.

4. Westminster- ($1953) per month

Nothing beats the feeling of waking up at the site of the beautiful Rocky Mountains. Westminster is a quiet and pretty city to live in. It is also one of the cheapest places to stay in Colorado. The city is located northwest of Denver and is a good place to stay with your family because it is family-oriented. People are attracted to living in this city because of its beautiful sceneries, lower crime rate, numerous outdoor activities, and exciting dining scenes. You can also engage in mountain biking, fishing, and boating. Standley Lake Region Park, Westminster Center Park, and Butterfly Pavilion are the main attraction sites. Westminster's cost of living is slightly higher than the national average. Although the cost of living is high, the city has the best quality of life in this life. The average price of a home is approximately $187,500. If you are looking for a one-bedroom apartment, the average price is $700.

3. Aurora- ($1800-$2000) per month

Aurora City is a wonderful place to stay if you are looking for an affordable city in Colorado. It is close to Denver International, making it an ideal place to settle. The city's crime rate is quite impressive because it is lower than the average rate, making it a safe city. Aurora is experiencing rapid growth because of its numerous job opportunities. Many residents of this city are employees of Buckley Air Force Base and the University of Colorado medical school. It is affordable and safe to live precisely for those staying in Denver.

Aurora is not short of sightseeing places. Many residents love to go to Cherry Creek State Park, where they enjoy walking, biking, and hiking. If you want to enjoy fishing, kayaking, and swimming, you can visit Aurora Reservoir. The cost of living is averagely low. You can comfortably survive in this city with $1800 to $2000 per month. A one-bedroom studio apartment ranges from $1100 to $1200. If you live here, the utility bill will be slightly higher, but other things like healthcare, grocery, and goods are affordable.

2. Lamar- ($1600-$1800) per month

Lamar is a small town in Colorado located in Prowers County. It is considered one of the cheapest and safest places to live in Colorado. The city is very close to Colorado Springs and Pueblo, making it top in this list. Lamar is a beautiful city for families to live in. The quiet and rural life, coupled with a strong sense of community, makes it an ideal place to stay. Statistics show that the crime rate in this city is potentially lower than the average national rate. The home value and medium income are also lower than the national average.

According to Budget Travel Buff, the medium home value is estimated to be $78,700, while the medium income is approximately $35,487. The Lamar is found in the rural part of Colorado. Despite this, there are many job opportunities in processions like medicine, the trucking industry, and mechanics for mountain bikes. These professions have attracted families, expats, and students. If you are looking for leisure activities, Lamar has numerous golf courses, state parks, and nature trails. On top of this, it has a windmill, a vintage water tank, and a hundred-year-old train. Locals here enjoy birding because Lamar has one of the best spots. The cost of living is estimated to be between $1600 and $1800 per month.

1. Thornton- ($1574-$2703) per month

Great employment opportunities and a lower cost of living are the main reasons why people prefer to settle in Thornton. A big percentage of the residents is composed of students, retirees, families, and expats. Thornton is a convenient city to stay in because you can easily make your way to Denver International Airport. According to Niche, the city has more than 25,000 trades that have created numerous job opportunities. The city's thriving economy is attributed to the Washington Square Business Park, which hosts hundreds of companies.

If safety is a top priority when looking for a place to stay, you should consider this city. It is extremely safe, with numerous parks and exciting outdoor activities. Its education and health sector is above average. The city has about eight high schools, twelve middle schools, and twenty elementary schools. For adventure, there are many places to visit. You can go rock climbing, zip lining, and rope bridges. During winter, locals love skiing, skateboarding, tumbling, and snowboarding. Additionally, this city hosts many festivals. The most famous is the Colorado Shakespeare Festival, held annually. The cost of living is affordable. The price of a one-bedroom apartment starts from $700.

Dana Hanson

Written by Dana Hanson

Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology.

Read more posts by Dana Hanson

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