Colorado's
Competitiveness

Business
Climate

Workforce &
Talent

Cost of Living

Quality of Life

Manufacturing
& Tech

Colorado Scorecard

Cost of Living

Cost of Living

Cost of Living

35th


(Declining)
Cost of Living as a Top Barrier for Attracting Talent

76%
Average Cost of Health Insurance Per Month

$489


(Increasing)

Housing Cost & Supply

Housing Affordability Ranking:​

46th


(Declining)
Median House Price​

$543,143


(Declining)
Cost of Housing as a Top Barrier for Attracting Talent

53%
Number of New Houses Built/Starts:

1,978


(Declining)

Home Ownership

Home Ownership Rate

70.2%


(Increasing)
Number of Houses Sold​

78,091


(Declining)
Coloradans Burdened by Rent or Mortgage​

32.6%


(Increasing)

Childcare

Cost of Childcare
Infant

$19,573


(Increasing)
Cost of Childcare
Toddler

$16,307


(Increasing)

Cost of Living Ranking

2023: 35th
2022: 34th

Source: CNBC Top States for Business

Cost of Living as a Top Barrier for Attracting Talent

2023: 76%

Source: Colorado Chamber Business Leader Survey

Average Cost of Health Insurance Per Month

2023: $489
2022: $409

Source: Centers for Medicare & Medicaid Services

Housing State Ranking

2023: 46th
2021: 41st

Source: U.S. News

Median House Price

2023: $543,143
2022: $562,282

Source: Zillow Research

Cost of Housing as a Top Barrier for Attracting Talent

2023: 53%

Colorado Chamber Business Leader Survey

Number of New Houses Built/Starts

2022: 1,978
2021: 2,853

Source: U.S. Census

Home Ownership Rate

2023: 70.2%
2022: 67.4 %

Source: U.S. Census

Number of Houses Sold

2022: 78,091
2021: 97,864

Source: Colorado Association of Realtors

Coloradans Burdened by Rent or Mortgage

2023: 32.6%
2022: 23.03%

Source: U.S. Census

Cost of Childcare

2022 Infant Child Care Annually Per Family: $19,573
2022 Toddler Child Care Annually Per Family: $16,307
2021 Infant Child Care Annually Per Family: $15,881
2021 Toddler Child Care Annually Per Family: $14,341

Source: Child Care Awareness of America