salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 9.7 minutes.
How much money do I need?
To rent here comfortably, you should earn about $23,480 a year. That is $11 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 1 of 112 cities from cheapest to most expensive.
How much do households earn in Lamar?
Share of households by yearly income. 15.1% of households earn $100,000 or more.
Rent by apartment size in Lamar
| Size | Lamar | U.S. average |
|---|---|---|
| 1 bedroom | $618 | $1,324 |
| 2 bedrooms | $917 | $1,509 |
| 3 bedrooms | $1,079 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lamar 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 Lamar, so the Colorado figure is shown.
Taxes and bills in Lamar
Life in Lamar
Is it cheaper to rent or buy in Lamar?
Renting is cheaper right now: about $474 a month less.
Owning assumes a typical $152,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,290 for the down payment.
Frequently asked questions
What is the average rent in Lamar, CO?
Renting in Lamar costs a median of about $587 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Lamar?
To keep rent under 30% of income, you need about $23,480 a year, or $11 an hour at a full-time job.
Is Lamar cheap or expensive?
Lamar is rated Cheap: rent takes 12.3% of the typical household income of $57,363. It ranks 1st cheapest of 112 Colorado cities we track.
How much are property taxes in Lamar?
The median homeowner in Lamar pays $441 a year in property taxes, about 0.29% of the median home value.
Is Lamar 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 Lamar?
The median home value in Lamar is $152,900, about 2.7 times the typical yearly household income.
7,611 people live in Lamar. Numbers are typical (middle) values.