States › Colorado › Severance

Is Severance, CO expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,72455% higher than U.S. average
💵 Families earn per year (2026)$134,351about $11,196/month · 54% higher than U.S. average
🔑 House price$528,50059% higher than U.S. average

Rent is higher than in 90% of U.S. cities. A typical house costs about 3.9 years of household income. Most homes (91.6%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $108,960 a year. That is $52 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 105 of 112 cities from cheapest to most expensive.

Severance
$2,724
Gunbarrel
$1,865
Glenwood Springs
$2,454
Fairmount
$2,841
Alamosa
$834
Rifle
$1,387
Cherry Creek
$2,322

How much do households earn in Severance?

Under $25k
4.0%
$25k–50k
6.5%
$50k–100k
36.5%
$100k–150k
37.4%
$150k+
12.2%

Share of households by yearly income. 49.7% of households earn $100,000 or more.

How expensive is Severance overall?

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

Housing
127
Goods (food, clothes…)
99
Utilities
85
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 Severance, so the Colorado figure is shown.

Taxes and bills in Severance

🏛️ Property tax$4,092a year · 0.77% of home value · U.S. $3,119
⚡ Electric bill$119a month (typical) · U.S. $156

Life in Severance

Commute to work27.1 minU.S.: 26.4 min
College degree47.7%U.S.: 35.7%
Own their home91.6%U.S.: 65.2%
Below poverty line5.2%U.S.: 12.5%
Unemployment2.3%U.S.: 5.2%

Is it cheaper to rent or buy in Severance?

Renting is cheaper right now: about $943 a month less.

Renting
$2,724
Owning
$3,667

Owning assumes a typical $528,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $52,850 for the down payment.

Frequently asked questions

What is the average rent in Severance, CO?

Renting in Severance costs a median of about $2,724 a month in 2026, including utilities. The Colorado median is $2,080.

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

To keep rent under 30% of income, you need about $108,960 a year, or $52 an hour at a full-time job.

Is Severance cheap or expensive?

Severance is rated OK: rent takes 24.3% of the typical household income of $134,351. It ranks 105th cheapest of 112 Colorado cities we track.

How much are property taxes in Severance?

The median homeowner in Severance pays $4,092 a year in property taxes, about 0.77% of the median home value.

Is Severance 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 Severance?

The median home value in Severance is $528,500, about 3.9 times the typical yearly household income.

10,130 people live in Severance. Numbers are typical (middle) values.