Quick facts: Erie, CO

Quick Facts

114.3
Cost of Living
above US average
33,104
Population
8.16
Crime Rate per 1000
below US average
$154,509
Median Income
above US average
$739,900
Median House Price
above US average
$3097.93
Average Rent
above US average
3%
Poverty Rate
below US average
3.5%
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 $154,509.

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Income Needed to Buy

βœ— Stretch
$232k/year
Based on $739,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $232k vs median $154,509
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Income Needed to Rent

βœ“ Affordable
$133k/year
Based on $3097.93/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($154,509) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Erie, CO

Erie, Colorado, is a charming town located in both Boulder and Weld counties. Nestled between the cities of Boulder and Lafayette, Erie is part of the metropolitan area of Denver and offers a unique blend of small-town charm and easy access to urban amenities. With a population of around 28,000, Erie features a lively community atmosphere with a variety of parks, recreational opportunities, and family-friendly events. The town boasts numerous trails for biking and walking, as well as open spaces for outdoor activities, making it an appealing destination for nature lovers. Erie’s downtown area showcases local shops, restaurants, and a thriving farmer's market, fostering a sense of community. In terms of education, Erie is served by the Boulder Valley School District and has several notable schools, enhancing its appeal to families. Additionally, the town enjoys a variety of housing options, from newer developments to established neighborhoods. Erie's proximity to Boulder and Denver allows residents to enjoy the best of both worldsβ€”small-town life with easy access to the cultural and recreational offerings of larger cities. The town's strong community spirit and beautiful surroundings make it a desirable place to live in Colorado.

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