salaryRent here is among the highest 10% in the country. Household incomes are higher than in 96% of U.S. cities. A typical house costs about 3.9 years of household income. Most homes (87.6%) are owned, so rentals can be hard to find. It is a highly educated city: 69.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $134,320 a year. That is $65 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 111 of 112 cities from cheapest to most expensive.
How much do households earn in Erie?
Share of households by yearly income. 68.7% of households earn $100,000 or more.
Rent by apartment size in Erie
| Size | Erie | U.S. average |
|---|---|---|
| 2 bedrooms | $2,548 | $1,509 |
| 3 bedrooms | $3,165 | $1,698 |
| 4 bedrooms | $3,487 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Erie 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 Erie, so the Colorado figure is shown.
Taxes and bills in Erie
Life in Erie
Is it cheaper to rent or buy in Erie?
Renting is cheaper right now: about $1,752 a month less.
Owning assumes a typical $736,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $73,650 for the down payment.
Frequently asked questions
What is the average rent in Erie, CO?
Renting in Erie costs a median of about $3,358 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Erie?
To keep rent under 30% of income, you need about $134,320 a year, or $65 an hour at a full-time job.
Is Erie cheap or expensive?
Erie is rated OK: rent takes 21.6% of the typical household income of $186,957. It ranks 111th cheapest of 112 Colorado cities we track.
How much are property taxes in Erie?
The median homeowner in Erie pays $5,395 a year in property taxes, about 0.73% of the median home value.
Is Erie 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 Erie?
The median home value in Erie is $736,500, about 3.9 times the typical yearly household income.
33,808 people live in Erie. Numbers are typical (middle) values.