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

46th


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

76%
Average Cost of Health Insurance Per Month

$535


(Increasing)

Housing Cost & Supply

Housing Affordability Ranking:​

47th


(Declining)
Median House Price​

$544,618


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

53%
Number of New Houses Built/Starts:

1,939


(Declining)

Home Ownership

Home Ownership Rate

67.3%


(Decreasing)
Number of Houses Sold​

63,840


(Declining)
Coloradans Burdened by Rent or Mortgage​

32.6%


(Increasing)

Childcare

Cost of Childcare

$16,333

per year

(Increasing)
Childcare Cost Ranking

5th


(Increasing)

Cost of Living Ranking

2024: 46th
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

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

2024: $544,618
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

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

Source: U.S. Census

Home Ownership Rate

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

Source: U.S. Census & FRED Economic Data

Number of Houses Sold

2023: 63,840
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

2023: $16,333 per year
2021: $10,600 per year

Source: Kids Count Data Center