salaryRent is higher than in 78% of U.S. cities. Household incomes are higher than in 87% of U.S. cities. A typical house costs about 4.6 years of household income. Most homes (80.6%) are owned, so rentals can be hard to find. It is a highly educated city: 62.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $90,560 a year. That is $44 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 76 of 112 cities from cheapest to most expensive.
How much do households earn in Centennial?
Share of households by yearly income. 52.7% of households earn $100,000 or more.
Rent by apartment size in Centennial
| Size | Centennial | U.S. average |
|---|---|---|
| Studio | $1,927 | $1,338 |
| 1 bedroom | $1,923 | $1,324 |
| 2 bedrooms | $2,316 | $1,509 |
| 3 bedrooms | $2,755 | $1,698 |
| 4 bedrooms | $3,131 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Centennial overall?
Everyday prices in the Denver-Aurora-Centennial metro area are 6% above the U.S. average (index 105.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Centennial
Life in Centennial
What jobs pay in Centennial
| Job | Median pay | Rent / pay |
|---|---|---|
| Lawyer | $177,380 | 15.3% |
| Pharmacist | $157,890 | 17.2% |
| Operations Manager | $142,330 | 19.1% |
| Software Developer | $137,610 | 19.7% |
| Physician Assistant | $134,540 | 20.2% |
| Nurse Practitioner | $134,040 | 20.3% |
| Computer Systems Analyst | $127,880 | 21.2% |
| Dental Hygienist | $113,760 | 23.9% |
| Civil Engineer | $104,710 | 25.9% |
| Police Officer | $101,970 | 26.6% |
| Registered Nurse | $101,130 | 26.9% |
| Accountant | $100,020 | 27.2% |
| Market Research Analyst | $99,040 | 27.4% |
| Firefighter | $87,980 | 30.9% |
| Elementary School Teacher | $76,910 | 35.3% |
| Licensed Practical Nurse | $75,810 | 35.8% |
| HVAC Technician | $71,580 | 38.0% |
| Carpenter | $64,910 | 41.9% |
| Plumber | $63,900 | 42.5% |
| Truck Driver | $63,900 | 42.5% |
| Electrician | $63,150 | 43.0% |
| Medical Assistant | $49,700 | 54.7% |
| Nursing Assistant | $49,110 | 55.3% |
| Customer Service Representative | $48,590 | 55.9% |
| Warehouse Worker | $46,290 | 58.7% |
| Restaurant Cook | $44,370 | 61.2% |
| Server (Waiter/Waitress) | $39,650 | 68.5% |
| Retail Salesperson | $38,470 | 70.6% |
| Cashier | $37,620 | 72.2% |
Is it cheaper to rent or buy in Centennial?
Renting is cheaper right now: about $2,302 a month less.
Owning assumes a typical $658,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $65,810 for the down payment.
Frequently asked questions
What is the average rent in Centennial, CO?
Renting in Centennial costs a median of about $2,264 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Centennial?
To keep rent under 30% of income, you need about $90,560 a year, or $44 an hour at a full-time job.
Is Centennial cheap or expensive?
Centennial is rated Cheap: rent takes 19.1% of the typical household income of $142,284. It ranks 76th cheapest of 112 Colorado cities we track.
How much are property taxes in Centennial?
The median homeowner in Centennial pays $3,588 a year in property taxes, about 0.55% of the median home value.
Is Centennial more expensive than the national average?
Overall prices in the metro area are 6% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Centennial?
The median home value in Centennial is $658,100, about 4.6 times the typical yearly household income.
108,201 people live in Centennial. Numbers are typical (middle) values.