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

47th


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

73%


(Improving)
Average Cost of Health Insurance Per Month

$554


(Increasing)

Housing Cost & Supply

Housing Affordability Ranking:​

48th


(Declining)
Median House Price​

$540,183


(Decreasing)
Housing Shortage​

104,837

houses needed

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

50%


(Improving)
Number of New Houses Built/Starts:

1,707


(Declining)

Home Ownership

Home Ownership Rate

65.7%


(Decreasing)
Number of Houses Sold​

84,615


(Increasing)
Housing Burden​

50.9%


(Increasing)
Average Cost of Home Insurance per Year

$5,984


(Increasing)
Cost of Home Insurance Ranking

4th


(Declining)

Childcare

Cost of Childcare for Infant

$20,978

per year

(Increasing)
Cost of Childcare for Toddler

$17,479


(Increasing)

Cost of Living Ranking

2025: 47th
2024: 46th
2023: 35th
2022: 34th

Source: CNBC Top States for Business

Cost of Living as a Top Barrier for Attracting Talent

2025: 73%
2023: 76%

Source: Colorado Chamber Business Leader Survey

Average Cost of Health Insurance Per Month

2025: $554
2024: $535
2023: $489
2022: $409

Source: Centers for Medicare & Medicaid Services

Housing State Ranking

2024: 47th
2023: 46th
2021: 41st

Source: U.S. News

Median House Price

2025: $540,183
2024: $544,618
2023: $543,143
2022: $562,282

Source: Zillow Research

Housing Shortage

2024: 104,837
2023: 101,141

Source: Up For Growth Housing Underproduction Report

Cost of Housing as a Top Barrier for Attracting Talent

2025: 50%
2023: 53%

Colorado Chamber Business Leader Survey

Number of New Houses Built/Starts

2024: 1,707
2023: 1,939
2022: 1,978
2021: 2,853

Source: U.S. Census

Home Ownership Rate

2025: 65.7%
2024: 67.3%
2023: 70.2%
2022: 67.4%

Source: U.S. Census & FRED Economic Data

Number of Houses Sold

2024: 84,615
2023: 63,840
2022: 78,091
2021: 97,864

Source: Colorado Association of Realtors

Housing Burden

2024: 50.9%
2023: 50.3%

Source: Up For Growth Housing Underproduction Report

Average Cost of Home Insurance per Year

2024: $5,984
2023: $4,072

Source: Insurify

Cost of Home Insurance Ranking

2024: 4th
2023: 6th

Source: Insurify

Cost of Childcare

Infant:
2024: $20,978 per year
2023: $19,573 per year

Toddler:
2024: $17,479 per year
2023: $16,307 per year

Source: Child Care Aware of America