Quick facts: Arvada, CO

Quick Facts

110.5
Cost of Living
above US average
121,581
Population
32.22
Crime Rate per 1000
above US average
$106,014
Median Income
above US average
$610,000
Median House Price
above US average
$2271.63
Average Rent
above US average
6%
Poverty Rate
below US average
3.8%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $106,014.

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Income Needed to Buy

βœ— Stretch
$191k/year
Based on $610,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $191k vs median $106,014
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Income Needed to Rent

βœ“ Affordable
$97k/year
Based on $2271.63/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($106,014) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Arvada, CO

Arvada is a suburban city located in Jefferson County, Colorado, just northwest of Denver. Known for its rich history and vibrant community, Arvada offers a blend of urban conveniences and small-town charm. With a population of approximately 120,000, it has become one of the fastest-growing cities in the state. Arvada boasts an array of parks, trails, and recreational options, with over 5,000 acres of open space, making it ideal for outdoor enthusiasts. The city's Olde Town Arvada area is a charming historic district filled with restaurants, shops, and cultural attractions, including the Arvada Center for the Arts & Humanities. Education plays a significant role, with several highly rated schools in the area, contributing to its appeal for families. The city also hosts numerous events and festivals year-round, fostering community spirit. Additionally, Arvada is strategically located near major highways and public transport options, providing easy access to downtown Denver, the foothills, and surrounding attractions. Overall, Arvada seamlessly combines suburban living with access to metropolitan amenities, making it a desirable place to live and visit.

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