How much do households in the Boulder, CO area spend on rent?
Refreshed annually
About $1,966, or 37.1% of their income, in 2020–2024. This is measured by comparing median, or average, rent and median monthly income for renting households.
$1.97K
median monthly rent in Boulder, CO area (2020–2024)
37.1%
average share of income spent on rent in Boulder, CO area (2020–2024)
Comparing rent to renter income provides one measure of rental affordability. The Boulder, CO area’s median rent was about $1,966 per month in 2020–2024. Typical monthly income among renting households was about $5,306 per month during that same period.
A typical household spent about $1,966 on rent in the Boulder, CO area.
Median gross rent and median renter household income, 2020–2024
Dividing rent by income provides what is called a rent-to-income ratio. A higher ratio of rent-to-income indicates rent is less affordable while a lower ratio indicates greater affordability.
The Department of Housing and Urban Development considers households with a rent-to-income ratio of more than 30%, that is, households that spend more than 30% their income on housing, to be cost-burdened. Cost-burdened households may have less money for other necessities such as food, healthcare, or savings. When median monthly rent is more than 30% of median monthly income, it means a typical household would meet the definition of housing cost-burdened.
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Do households in the Boulder, CO area spend more or less on rent than other Colorado metros?
The Boulder, CO area’s rent-to-income ratio ranked 1 out of 7 Colorado metros.
Ratio of median gross rent to median renter household income, 2020–2024
Compared to other metro areas in the state, the Boulder, CO area had the highest median rent and second highest median renter-household income. (Metro areas are made up of economically interconnected counties that include at least one urban area. A single metro area can include multiple cities and cross state lines.) Out of the seven metros in the state, the Boulder, CO area’s rent-to-income ratio ranked highest.
Do households in the Boulder, CO area spend more or less on rent than other mid-sized metros?
The mid-sized metro median rent-to-income ratio was 31.9%.
Ratio of median gross rent to median renter household income, 2020–2024
The Boulder, CO area is a mid-sized metro, which have between 250,000 and 1 million people. Compared to other mid-sized metros, the Boulder, CO area’s rent-to income ratio is higher than is typical. The average among mid-sized metros was 31.9% in 2020–2024, 5 percentage points lower than in the Boulder, CO area.
Renter income and rent, mid-sized metro areas (2020–2024)
| 1. | $6,707 | |
| 2. | $6,419 | |
| 3. | $6,399 | |
| 4. | $6,169 | |
| 5. | $6,112 | |
| 6. | $5,890 | |
| 7. | $5,855 | |
| 8. | $5,845 | |
| 9. | $5,484 | |
| 10. | $5,392 |
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
