States › Colorado › Welby

Is Welby, CO expensive to live in?

CheapRent takes 14 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,02642% lower than U.S. average
💵 Families earn per year (2026)$86,308about $7,192/month · 1% lower than U.S. average
🔑 House price$385,00016% higher than U.S. average

Rent is lower than in 86% of U.S. cities. A typical house costs about 4.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $41,040 a year. That is $20 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 6 of 112 cities from cheapest to most expensive.

Welby
$1,026
Frederick
$2,525
Greenwood Village
$2,443
Cañon City
$1,153
Fort Carson
$2,343
Firestone
$1,972
Lone Tree
$2,291

How much do households earn in Welby?

Under $25k
13.1%
$25k–50k
20.6%
$50k–100k
39.1%
$100k–150k
20.1%
$150k+
5.0%

Share of households by yearly income. 25.2% of households earn $100,000 or more.

Rent by apartment size in Welby

SizeWelbyU.S. average
1 bedroom$1,421$1,324
2 bedrooms$1,777$1,509
3 bedrooms$2,039$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Welby 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 Welby, so the Colorado figure is shown.

Taxes and bills in Welby

🏛️ Property tax$2,244a year · 0.58% of home value · U.S. $3,119
⚡ Electric bill$152a month (typical) · U.S. $156

Life in Welby

Commute to work27.7 minU.S.: 26.4 min
College degree14.8%U.S.: 35.7%
Own their home72.5%U.S.: 65.2%
Below poverty line12.6%U.S.: 12.5%
Unemployment5.8%U.S.: 5.2%

Is it cheaper to rent or buy in Welby?

Renting is cheaper right now: about $1,645 a month less.

Renting
$1,026
Owning
$2,671

Owning assumes a typical $385,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,500 for the down payment.

Frequently asked questions

What is the average rent in Welby, CO?

Renting in Welby costs a median of about $1,026 a month in 2026, including utilities. The Colorado median is $2,080.

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

To keep rent under 30% of income, you need about $41,040 a year, or $20 an hour at a full-time job.

Is Welby cheap or expensive?

Welby is rated Cheap: rent takes 14.3% of the typical household income of $86,308. It ranks 6th cheapest of 112 Colorado cities we track.

How much are property taxes in Welby?

The median homeowner in Welby pays $2,244 a year in property taxes, about 0.58% of the median home value.

Is Welby 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 Welby?

The median home value in Welby is $385,000, about 4.5 times the typical yearly household income.

16,197 people live in Welby. Numbers are typical (middle) values.