salaryRent is higher than in 69% of U.S. cities. A typical house costs about 8.7 years of household income, so buying is hard for most locals. Commutes are short, about 14.3 minutes. It is a highly educated city: 62.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $80,320 a year. That is $39 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 52 of 112 cities from cheapest to most expensive.
How much do households earn in Steamboat Springs?
Share of households by yearly income. 44.4% of households earn $100,000 or more.
Rent by apartment size in Steamboat Springs
| Size | Steamboat Springs | U.S. average |
|---|---|---|
| Studio | $1,808 | $1,338 |
| 1 bedroom | $2,025 | $1,324 |
| 2 bedrooms | $2,238 | $1,509 |
| 3 bedrooms | $1,958 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Steamboat Springs 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 Steamboat Springs, so the Colorado figure is shown.
Taxes and bills in Steamboat Springs
Life in Steamboat Springs
Is it cheaper to rent or buy in Steamboat Springs?
Renting is cheaper right now: about $4,804 a month less.
Owning assumes a typical $981,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $98,180 for the down payment.
Frequently asked questions
What is the average rent in Steamboat Springs, CO?
Renting in Steamboat Springs costs a median of about $2,008 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Steamboat Springs?
To keep rent under 30% of income, you need about $80,320 a year, or $39 an hour at a full-time job.
Is Steamboat Springs cheap or expensive?
Steamboat Springs is rated OK: rent takes 21.3% of the typical household income of $113,204. It ranks 52nd cheapest of 112 Colorado cities we track.
How much are property taxes in Steamboat Springs?
The median homeowner in Steamboat Springs pays $2,979 a year in property taxes, about 0.30% of the median home value.
Is Steamboat Springs 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 Steamboat Springs?
The median home value in Steamboat Springs is $981,800, about 8.7 times the typical yearly household income.
13,433 people live in Steamboat Springs. Numbers are typical (middle) values.