salaryRent is lower than in 79% of U.S. cities. A typical house costs about 4.5 years of household income. Commutes are short, about 18.7 minutes.
How much money do I need?
To rent here comfortably, you should earn about $46,120 a year. That is $22 an hour at a full-time job.
Is rent cheaper than other Colorado cities?
Yes. Rent here is cheaper than in most of Colorado. It is number 11 of 112 cities from cheapest to most expensive.
How much do households earn in Cañon City?
Share of households by yearly income. 15.7% of households earn $100,000 or more.
Rent by apartment size in Cañon City
| Size | Cañon City | U.S. average |
|---|---|---|
| Studio | $246 | $1,338 |
| 1 bedroom | $652 | $1,324 |
| 2 bedrooms | $1,235 | $1,509 |
| 3 bedrooms | $1,069 | $1,698 |
| 4 bedrooms | $2,736 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cañon City 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 Cañon City, so the Colorado figure is shown.
Taxes and bills in Cañon City
Life in Cañon City
Is it cheaper to rent or buy in Cañon City?
Renting is cheaper right now: about $1,040 a month less.
Owning assumes a typical $316,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,610 for the down payment.
Frequently asked questions
What is the average rent in Cañon City, CO?
Renting in Cañon City costs a median of about $1,153 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Cañon City?
To keep rent under 30% of income, you need about $46,120 a year, or $22 an hour at a full-time job.
Is Cañon City cheap or expensive?
Cañon City is rated Cheap: rent takes 19.8% of the typical household income of $69,873. It ranks 11th cheapest of 112 Colorado cities we track.
How much are property taxes in Cañon City?
The median homeowner in Cañon City pays $1,187 a year in property taxes, about 0.38% of the median home value.
Is Cañon City 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 Cañon City?
The median home value in Cañon City is $316,100, about 4.5 times the typical yearly household income.
17,122 people live in Cañon City. Numbers are typical (middle) values.