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

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

🏠 Rent per month (2026)$1,95612% higher than U.S. average

💵 Families earn per year (2026)$88,339about $7,362/month · 1% higher than U.S. average

🔑 House price$937,300182% higher than U.S. average

Rent is higher than in 67% of U.S. cities. A typical house costs about 10.6 years of household income, so buying is hard for most locals. Commutes are short, about 17.3 minutes. It is a highly educated city: 59.8% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $78,240 a year. That is $38 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 45 of 112 cities from cheapest to most expensive.

Edwards

$1,956

$1,999

$2,322

$1,387

$2,454

$2,724

$1,865

How much do households earn in Edwards?

Under $25k

11.8%

$25k–50k

13.1%

$50k–100k

35.5%

$100k–150k

8.5%

$150k+

24.8%

Share of households by yearly income. 33.3% of households earn $100,000 or more.

Rent by apartment size in Edwards

Size	Edwards	U.S. average
2 bedrooms	$1,953	$1,509
3 bedrooms	$1,953	$1,698

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

How expensive is Edwards 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 Edwards, so the Colorado figure is shown.

Taxes and bills in Edwards

🏛️ Property tax$3,347a year · 0.36% of home value · U.S. $3,119

⚡ Electric bill$125a month (typical) · U.S. $156

Life in Edwards

Commute to work17.3 minU.S.: 26.4 min

College degree59.8%U.S.: 35.7%

Own their home63.4%U.S.: 65.2%

Below poverty line12.5%U.S.: 12.5%

Unemployment10.3%U.S.: 5.2%

Is it cheaper to rent or buy in Edwards?

Renting is cheaper right now: about $4,548 a month less.

Renting

$1,956

Owning

$6,504

Owning assumes a typical $937,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $93,730 for the down payment.

Frequently asked questions

What is the average rent in Edwards, CO?

Renting in Edwards costs a median of about $1,956 a month in 2026, including utilities. The Colorado median is $2,080.

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

To keep rent under 30% of income, you need about $78,240 a year, or $38 an hour at a full-time job.

Is Edwards cheap or expensive?

Edwards is rated OK: rent takes 26.6% of the typical household income of $88,339. It ranks 45th cheapest of 112 Colorado cities we track.

How much are property taxes in Edwards?

The median homeowner in Edwards pays $3,347 a year in property taxes, about 0.36% of the median home value.

Is Edwards 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 Edwards?

The median home value in Edwards is $937,300, about 10.6 times the typical yearly household income.

10,785 people live in Edwards. Numbers are typical (middle) values.

Is Edwards, CO expensive to live in?