Cost of Living in Craig, CO: Rent, Income & Home Prices

OKRent takes 27 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,755same as U.S. average

💵 Families earn per year (2026)$78,338about $6,528/month · 10% lower than U.S. average

🔑 House price$278,50016% lower than U.S. average

Rent is higher than in 55% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are short, about 17.6 minutes.

How much money do I need?

To rent here comfortably, you should earn about $70,200 a year. That is $34 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 27 of 112 cities from cheapest to most expensive.

Craig

$1,755

$1,043

$2,315

$2,660

$2,413

$2,301

$3,034

How much do households earn in Craig?

Under $25k

11.7%

$25k–50k

28.2%

$50k–100k

33.5%

$100k–150k

18.2%

$150k+

3.3%

Share of households by yearly income. 21.4% of households earn $100,000 or more.

Rent by apartment size in Craig

Size	Craig	U.S. average
1 bedroom	$720	$1,324
2 bedrooms	$928	$1,509
3 bedrooms	$1,447	$1,698
4 bedrooms	$1,537	$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Craig overall?

Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).

Housing

127

Goods (food, clothes…)

Utilities

Other services

100

U.S. average

100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Craig, so the Colorado figure is shown.

Taxes and bills in Craig

🏛️ Property tax$1,193a year · 0.43% of home value · U.S. $3,119

⚡ Electric bill$127a month (typical) · U.S. $156

Life in Craig

Commute to work17.6 minU.S.: 26.4 min

College degree18.2%U.S.: 35.7%

Own their home61.2%U.S.: 65.2%

Below poverty line8.9%U.S.: 12.5%

Unemployment2.5%U.S.: 5.2%

Is it cheaper to rent or buy in Craig?

Renting is cheaper right now: about $177 a month less.

Renting

$1,755

Owning

$1,932

Owning assumes a typical $278,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,850 for the down payment.

Frequently asked questions

What is the average rent in Craig, CO?

Renting in Craig costs a median of about $1,755 a month in 2026, including utilities. The Colorado median is $2,080.

How much do I need to make to live in Craig?

To keep rent under 30% of income, you need about $70,200 a year, or $34 an hour at a full-time job.

Is Craig cheap or expensive?

Craig is rated OK: rent takes 26.9% of the typical household income of $78,338. It ranks 27th cheapest of 112 Colorado cities we track.

How much are property taxes in Craig?

The median homeowner in Craig pays $1,193 a year in property taxes, about 0.43% of the median home value.

Is Craig 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 Craig?

The median home value in Craig is $278,500, about 3.6 times the typical yearly household income.

8,991 people live in Craig. Numbers are typical (middle) values.

Is Craig, CO expensive to live in?