salaryRent is higher than in 83% of U.S. cities. Household incomes are higher than in 87% of U.S. cities. A typical house costs about 5.6 years of household income. Most homes (76.2%) are owned, so rentals can be hard to find. It is a highly educated city: 71% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $96,040 a year. That is $46 an hour at a full-time job.
Is rent cheaper than other Colorado cities?
No. Rent here is more expensive than in most of Colorado. It is number 91 of 112 cities from cheapest to most expensive.
How much do households earn in Applewood?
Share of households by yearly income. 52.1% of households earn $100,000 or more.
Rent by apartment size in Applewood
| Size | Applewood | U.S. average |
|---|---|---|
| Studio | $1,479 | $1,338 |
| 1 bedroom | $2,285 | $1,324 |
| 2 bedrooms | $2,427 | $1,509 |
| 3 bedrooms | $2,446 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Applewood overall?
Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Applewood, so the Colorado figure is shown.
Taxes and bills in Applewood
Life in Applewood
Is it cheaper to rent or buy in Applewood?
Renting is cheaper right now: about $3,052 a month less.
Owning assumes a typical $785,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $78,590 for the down payment.
Frequently asked questions
What is the average rent in Applewood, CO?
Renting in Applewood costs a median of about $2,401 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Applewood?
To keep rent under 30% of income, you need about $96,040 a year, or $46 an hour at a full-time job.
Is Applewood cheap or expensive?
Applewood is rated OK: rent takes 20.5% of the typical household income of $140,793. It ranks 91st cheapest of 112 Colorado cities we track.
How much are property taxes in Applewood?
The median homeowner in Applewood pays $3,836 a year in property taxes, about 0.49% of the median home value.
Is Applewood more expensive than the national average?
Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Applewood?
The median home value in Applewood is $785,900, about 5.6 times the typical yearly household income.
8,350 people live in Applewood. Numbers are typical (middle) values.