Quick facts: Boulder, CO

Quick Facts

115.0
Cost of Living
above US average
105,485
Population
33.82
Crime Rate per 1000
above US average
$80,243
Median Income
below US average
$550,000
Median House Price
above US average
$2557.47
Average Rent
above US average
12%
Poverty Rate
above US average
4.2%
Unemployment Rate
above 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 $80,243.

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Income Needed to Buy

βœ— Stretch
$173k/year
Based on $550,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $173k vs median $80,243
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Income Needed to Rent

⚠ Stretch
$110k/year
Based on $2557.47/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $110k vs median $80,243
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Boulder, CO

Boulder, Colorado, nestled against the foothills of the Rocky Mountains, is renowned for its stunning natural beauty, vibrant culture, and outdoor recreational opportunities. With a population of around 108,000, Boulder boasts a charming downtown area characterized by historic architecture, boutique shops, and a lively food scene, including farm-to-table restaurants and craft breweries. The city's proximity to the mountains makes it a haven for outdoor enthusiasts, offering activities such as hiking, rock climbing, and mountain biking. Notable spots include Chautauqua Park and the Flatirons, iconic rock formations that draw visitors for both their scenic views and challenging trails. Boulder is also recognized for its commitment to sustainability and innovation. As home to the University of Colorado Boulder, the city fosters a youthful vibe and a strong emphasis on education and research, particularly in environmental science and technology. Culturally, Boulder is vibrant, hosting numerous festivals, art galleries, and theaters. Its lively community atmosphere, combined with an abundance of green spaces and access to nature, makes Boulder a unique and appealing place to live or visit.

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