salaryRent is higher than in 61% of U.S. cities. A typical house costs about 7.0 years of household income, so buying is hard for most locals. It is a highly educated city: 70.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $74,600 a year. That is $36 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 34 of 112 cities from cheapest to most expensive.
How much do households earn in Gunbarrel?
Share of households by yearly income. 42.3% of households earn $100,000 or more.
Rent by apartment size in Gunbarrel
| Size | Gunbarrel | U.S. average |
|---|---|---|
| 1 bedroom | $1,819 | $1,324 |
| 2 bedrooms | $2,109 | $1,509 |
| 3 bedrooms | $2,389 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Gunbarrel 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 Gunbarrel, so the Colorado figure is shown.
Taxes and bills in Gunbarrel
Life in Gunbarrel
Is it cheaper to rent or buy in Gunbarrel?
Renting is cheaper right now: about $3,832 a month less.
Owning assumes a typical $821,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $82,100 for the down payment.
Frequently asked questions
What is the average rent in Gunbarrel, CO?
Renting in Gunbarrel costs a median of about $1,865 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Gunbarrel?
To keep rent under 30% of income, you need about $74,600 a year, or $36 an hour at a full-time job.
Is Gunbarrel cheap or expensive?
Gunbarrel is rated Cheap: rent takes 19.0% of the typical household income of $117,995. It ranks 34th cheapest of 112 Colorado cities we track.
How much are property taxes in Gunbarrel?
The median homeowner in Gunbarrel pays $4,079 a year in property taxes, about 0.50% of the median home value.
Is Gunbarrel 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 Gunbarrel?
The median home value in Gunbarrel is $821,000, about 7.0 times the typical yearly household income.
10,051 people live in Gunbarrel. Numbers are typical (middle) values.