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Cheapest Places to Live in Colorado: Affordable Cities and Towns for Your Budget

Are you considering moving to Colorado and wondering where you can find the most bang for your buck? Look no further than some of the cheapest places to live in Colorado in 2023. Despite its growing popularity, Colorado still has plenty of towns and cities with affordable living options that won’t break the bank.

Whether you’re a student, a young professional, or a retiree, there are many cities and towns in Colorado that offer low-cost living. From the vibrant college town of Fort Collins to the historic mining town of Trinidad, there is something for everyone. With a low cost of living, you can stretch your budget further and enjoy all that Colorado has to offer, from outdoor recreation to cultural events.

By choosing to live in one of the cheapest places to live in Colorado with low cost living, you’ll be able to save money on housing, transportation, and other daily expenses. So what are you waiting for? Start exploring these affordable Colorado towns and cities and find the perfect place to call home.

Looking for an affordable place to live in Colorado? You’re in the right place! Here are the top 10 cheapest places to live in Colorado in 2023 with low cost living:

1. Alamosa

With a population of just over 9,000 people, Alamosa is a small town in southern Colorado and offers a low cost of living. The town is home to Adams State University, which helps keep rent and other expenses low.

2. Trinidad

Trinidad is a historic town that features beautiful Victorian architecture and lively culture. It’s located in southern Colorado near the New Mexico border and is known for its affordable homes and low cost of living.

3. Lamar

Lamar is a small town with a population of just under 8,000 people that’s located in southeastern Colorado. The town is a hub for agriculture in the region, which helps keep prices low.

4. Fort Lupton

Fort Lupton is located in northern Colorado and is a popular spot for families. The town has a great school district and offers affordable housing options, making it one of the cheapest places to live in Colorado.

5. Craig

Located in northwestern Colorado, Craig is a small town with a population of around 9,000 people. The town is surrounded by beautiful natural scenery and offers low home prices and cost of living.

6. Delta

Delta is a small town that’s located in western Colorado near Grand Junction. The town features beautiful natural scenery and offers affordable housing options for families and retirees.

7. Sterling

Sterling is a small town located in northeastern Colorado that’s known for its rich history. The town offers affordable homes and a low cost of living, making it an excellent choice for those looking for affordable living in Colorado.

8. Brush

Brush is another small town located in northeastern Colorado. The town has a rich agricultural history and features beautiful natural scenery. It’s an affordable place to live with a low cost of living.

9. Walsenburg

Walsenburg is a small town located in southern Colorado that offers a low cost of living and affordable homes. The town is surrounded by beautiful natural scenery and offers a variety of outdoor recreational activities.

10. Montrose

Located in western Colorado, Montrose is a larger town with a population of around 20,000 people. The town offers affordable housing options and a wide range of amenities, including great schools, shopping and outdoor recreational activities.

These are just some of the cheapest places to live in Colorado with low cost living. Each of these towns offers a unique lifestyle and affordable living options.

10 Cheapest Places to live in Colorado in 2023

1. Pueblo

Pueblo is known for being one of the cheapest places to live in Colorado. If you’re looking for a place with a lower cost of living, Pueblo should be on your list of considerations.

One of the reasons why Pueblo is an affordable place to live is the low cost of housing. The median home price in Pueblo is $186,000 making it one of the most affordable cities in Colorado. If you are interested in renting, the median rent is around $800 per month, which is less compared to other cities in Colorado.

Apart from the low cost of housing, Pueblo also has a lower cost of living index compared to the US average. The cost of living index considers various factors such as housing, transportation, food, healthcare, etc. Pueblo’s cost of living index is 84.5, which is lower than the US average of 100.

Pueblo may be an affordable place to live, but it still boasts plenty of things to do. From exploring the historic district of Pueblo to hiking in the outskirts of the city, there’s always something to enjoy. There are also various museums, art galleries, and outdoor activities to keep you occupied.

Overall, Pueblo is an excellent option for those looking for the cheapest places to live in Colorado in 2023. With low costs of housing, low cost of living, and numerous activities to explore, Pueblo is worth considering if you’re looking for a place to call home with a lower cost of living.

2. Trinidad

Trinidad is definitely a top contender when it comes to the cheapest places to live in Colorado in 2023, thanks to its low cost of living and affordable housing. Located in Las Animas County, Trinidad is a small city with a population of just over 8,000 people.

The average cost of living in Trinidad is 16% lower than the Colorado average, and the median home price is only $150,000. If you’re looking for affordable rental options, you can find one-bedroom apartments for around $700 a month. That’s a bargain compared to the average rent in Colorado, which is around $1,400.

But just because Trinidad is affordable doesn’t mean you have to sacrifice quality of life. The city has a charming historic downtown area with unique shops, restaurants and cafes. There are plenty of outdoor activities available, including hiking, fishing and camping in the nearby Spanish Peaks Wilderness Area or San Isabel National Forest. Trinidad is also home to several museums, art galleries and a performing arts center.

In addition to its low cost of living, Trinidad has a strong sense of community that is hard to find in bigger cities. You can easily meet new people and get involved in local events, festivals, and charities. The city also has great schools and healthcare facilities, making it an ideal place to raise a family or retire.

If you’re looking for a laid-back lifestyle with plenty of opportunities for outdoor adventure, Trinidad is definitely one of the cheapest places to live in Colorado with low cost living. With its affordable housing, beautiful scenery, and small-town charm, it’s no wonder why so many people are choosing to call this charming city home.

3. Lamar

Lamar is one of the most affordable places to live in Colorado. The cost of living here is lower than the U.S. average, making it an ideal place to live for those seeking an affordable lifestyle in Colorado.

Rent and home prices in Lamar are incredibly low, far below the state and national averages. Not only will you find low-cost housing options, but also low utility costs, making it an even more attractive option for those looking for a low cost of living.

Lamar also offers its residents a wide variety of outdoor activities, including hiking, fishing, and camping, as it’s situated near several national parks and attractions. The area is also known for its unique historical sites, including the Santa Fe Trail and the history of early Native American settlers.

Overall, Lamar is a great option for those who want a small town feel with big city amenities, without breaking the bank. As one of the Cheapest Places to Live in Colorado, it can make your dreams of living in beautiful Colorado a reality, without the high price tag.

4. Craig

Looking for a small town with a low cost of living? Craig might be the perfect fit for you if you’re considering the cheapest places to live in Colorado in 2023. Located in the northwestern part of the state, this quaint city has one of the most affordable costs of living in Colorado.

Housing costs in Craig are significantly lower than the state average, with the median home price hovering around $157,000. That’s less than half the median home price for the state of Colorado! Rent here is also reasonably cheap, with a one-bedroom apartment averaging around $700 per month.

But even with a low cost of living, Craig is still a thriving community. With an unemployment rate of just 2.7%, there are plenty of job opportunities here in sectors such as agriculture, healthcare, and retail. And with a population of just under 9,000 people, you’ll always feel like part of a close-knit community.

There’s plenty to do in Craig, too. If you love the great outdoors, you’ll find excellent opportunities for hiking, fishing and hunting within easy reach of the city. And with regular festivals and events throughout the year, there’s always something going on to keep you busy.

In conclusion, Craig is one of the top cheapest places to live in Colorado with low cost living, without sacrificing on quality of life. If you’re looking for an affordable small town filled with friendly people and beautiful scenery, Craig might just be the perfect fit for you.

5. Fort Morgan

Located in northeastern Colorado, Fort Morgan offers a great mix of affordability and quality living. Fort Morgan is one of the cheapest places to live in Colorado in 2023 with low cost living, and is a great option for those looking for a peaceful small town atmosphere.

The cost of living in Fort Morgan is lower than the national average, which means that you can enjoy a high standard of living while keeping your expenses low. The cost of housing is particularly affordable, with median home prices estimated at around $160k. This is significantly lower than other cities in Colorado, making Fort Morgan a great place to settle down if you’re looking for affordable housing options.

Apart from the cost of living, Fort Morgan offers easy access to the outdoors. With a number of parks and recreational areas in close proximity, this small town allows you to enjoy the natural beauty that Colorado has to offer without having to break the bank. The Pawnee National Grasslands is a popular spot for outdoor enthusiasts, offering a variety of outdoor activities such as hiking, fishing, and birdwatching.

If you’re looking for job opportunities in Fort Morgan, there are several industries that are thriving in the area, such as agriculture, healthcare, and education. The city is also home to several reputable schools and colleges, making it a great location for families and students.

Summing it up, Fort Morgan is one of the cheapest places to live in Colorado with low cost living, making it an excellent choice for those looking for affordable housing options and a peaceful small-town atmosphere. With easy access to the outdoors and job opportunities in thriving industries, it offers a high standard of living while keeping expenses low.

6. Sterling

If you’re looking for a quiet, small town in Colorado with low cost living, Sterling can be an excellent option for you. Sterling is situated in the northeastern part of the state, with a population of only around 14,000 residents.

With a cost of living that is several percentage points below the Colorado state average, Sterling is one of the cheapest places to live in Colorado. You can enjoy a good quality of life here without breaking the bank.

Housing costs in Sterling are notably affordable with the median home price of around $157,000. Besides, Sterling’s residents enjoy a healthy job market and lots of outdoor recreational activities, including hiking, fishing, and camping.

Not only is Sterling affordable, but it is also a great place to raise a family. The town boasts an excellent school system, with a student-to-teacher ratio of 13:1 and several highly-rated schools.

Suppose you’re looking for a peaceful, small-town atmosphere at an affordable cost. In that case, Sterling is the perfect place for you to settle down and enjoy a comfortable life in 2023.

To summarize, here are some of the key takeaways on Sterling:

  • Sterling is one of the cheapest places to live in Colorado.
  • With a population of around 14,000 residents, Sterling is a small town with a peaceful atmosphere.
  • Sterling offers plenty of job opportunities and outdoor recreational activities.
  • Homes in Sterling are affordable, with the median home price being about $157,000.
  • Sterling has an excellent school system with top-rated schools.

7. Delta

If you’re looking for the Cheapest Places to Live in Colorado or the cheapest places to live in Colorado in 2023, Delta might be the perfect fit for you. Situated in the western part of the state, it offers low cost living without sacrificing the beauty and recreation opportunities of the Rocky Mountains.

Housing costs in Delta are significantly lower than the state average, making it one of the most affordable places to live in Colorado. The cost of living in Delta is 13.6% lower than the national average, according to Best Places. That means you’ll save on groceries, transportation, healthcare, and other essentials.

Apart from affordable living costs, Delta also has a thriving community and a plethora of outdoor activities to offer. If you’re into hiking, biking, and skiing, you’ll love the nearby Grand Mesa National Forest, which boasts numerous trails and slopes for all levels of skill. For water enthusiasts, the Gunnison Gorge National Conservation Area and the Black Canyon of the Gunnison National Park offer kayaking, rafting, and fishing opportunities.

Delta’s economy is driven by agriculture, mining, and tourism, making it a great place to start a business or work in these industries. With a lower cost of living and a friendly community, it’s no wonder Delta is attracting more and more residents every year.

In summary, Delta might not be on top of everyone’s list, but it’s one of the best-kept secrets among the Cheapest Places to Live in Colorado with low cost living that offer affordability, natural beauty, and a strong sense of community. If you’re looking for an affordable lifestyle in Colorado, it’s worth checking out.

8. Alamosa

Alamosa is an attractive option for those seeking the Cheapest Places to Live in Colorado. It is located in the south-central part of the state and has a population of around 10,400. Housing costs are particularly attractive with both rent and home prices significantly lower than in other cities in Colorado.

According to BestPlaces.net, the overall cost of living index in Alamosa is 85.2, which is lower than the Colorado average of 109.5. Residents of Alamosa also enjoy a lower than average cost of healthcare and utilities.

Alamosa has a rich culture and is home to several tourist attractions such as the Rio Grande Scenic Railroad and the Great Sand Dunes National Park and Preserve, which is the tallest dunes in North America. Apart from that, Alamosa has access to a range of outdoor recreational activities that are perfect for those who love outdoor adventures such as hiking, skiing, snowshoeing, and fishing.

If you are looking for a lively atmosphere, Alamosa hosts several events throughout the year that residents can enjoy such as the Summerfest on the Rio, the Early Iron Festival, and the Autumnfest. If you choose to make Alamosa your home, you can rest assured that you will never run out of things to do.

In summary, Alamosa is an excellent option to consider for those looking for the Cheapest Places to Live in Colorado with a low cost of living. It is a beautiful city with friendly people, a low cost of living, and an abundance of outdoor recreational activities.

9. Montrose

Montrose is a hidden gem for those looking for one of the cheapest places to live in Colorado with low cost living. With a population of around 19,000, Montrose offers a small-town feel, ideal for escaping the hustle and bustle of the city.

Housing is one of the biggest attractions in Montrose, with the median home price being $283,000, which is nearly half the cost of the median home price in Denver. The cost of living in Montrose is also affordable, with utilities, healthcare, and groceries being below the national average.

Montrose also has a relatively low crime rate compared to other cities in Colorado, making it a safe choice for families. It also has an excellent school system, with schools that perform above the national average, making it an ideal place to raise children.

For entertainment, there are various outdoor attractions to explore, including Black Canyon of the Gunnison National Park, San Juan Mountains, and Uncompahgre Plateau. Montrose is also known for its annual festivals, such as the Montrose County Fair, Olathe Sweet Corn Festival, and the Montrose Farmers Market.

If you’re looking for a place to settle in 2023 and beyond, Montrose could be a great option for you. It provides affordable living, great schools, and plenty of entertainment that does not break the bank.

10. Burlington

Looking for Affordable living with a small-town charm? Then Burlington, Colorado, could be the perfect fit for you. Located in Kit Carson County, Burlington is the tenth-cheapest place to live in Colorado with low cost living.

Burlington is a small town with a population of around 4,000 people and a median home price of $87,000. This makes it an inexpensive option for those who want to own a home without draining their pockets.

Apart from affordable housing, Burlington residents enjoy a variety of amenities, such as parks, restaurants, and schools. With four parks spread across the town, residents can enjoy a range of outdoor activities such as hiking, biking, and picnicking. Burlington is also known for its excellent schools, which are part of the Burlington School District RE-6J.

When it comes to healthcare, the town has a medical center, which offers standard medical facilities, such as emergency care, surgery, laboratory testing, and physical therapy. The Burlington Public Library provides ample resources for readers, researchers, and students.

If you love history and culture, Burlington is a great place to experience both. Some of the most notable attractions in the town include the Old Town Museum, Kit Carson County Carousel, and the Parent/Garrett-Bromley-Mishmash Museum.

Finally, Burlington is located on I-70, which makes it an ideal spot for people who want to explore other places in Colorado. Denver, the capital of Colorado, is located around 150 miles away, and a necessary drive from Burlington could get you there in a little over 2 hours.

In conclusion, Burlington is a beautiful small town with low-cost living, excellent schools, and ample amenities. With a thriving business community and affordable housing, it is an excellent option for those looking to move to the cheapest places to live in Colorado in 2023.

Conclusion

There you have it – a comprehensive list of the cheapest places to live in Colorado in 2023 with low cost of living. These locations offer affordable housing, access to amenities, and a stable job market, making them great choices for those looking to move to the Centennial State without breaking the bank.

Whether you prefer mountain views or city living, there’s a place on this list for you. From Fort Morgan to Lamar, these towns and cities offer a high quality of life at an affordable price.

Of course, there are many other factors to consider when choosing a place to live, such as climate, schools, and cultural offerings. But if you’re looking for the Cheapest Places to Live in Colorado with low cost living, this list is a great place to start your search.

Take your time and do your research before making a final decision. After all, finding the right place to call home is an important decision that requires careful consideration. Good luck in your search for your new Colorado home!

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