Quick facts: Westminster, CO

Quick Facts

114.3
Cost of Living
above US average
114,533
Population
35.26
Crime Rate per 1000
above US average
$90,651
Median Income
above US average
$570,000
Median House Price
above US average
$2400.93
Average Rent
above US average
9%
Poverty Rate
below US average
4.1%
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 $90,651.

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Income Needed to Buy

βœ— Stretch
$179k/year
Based on $570,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $179k vs median $90,651
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Income Needed to Rent

⚠ Stretch
$103k/year
Based on $2400.93/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $103k vs median $90,651
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westminster, CO

Westminster is a vibrant city located in the northern part of Colorado, primarily within Jefferson and Adams counties. It is a suburb of Denver and part of the larger Denver-Aurora-Lakewood Metropolitan Area. Known for its family-friendly atmosphere, Westminster offers a mix of residential communities, parks, and recreational opportunities. The city features over 2,000 acres of open space and parks, making it ideal for outdoor enthusiasts. The historic downtown area boasts various shops, restaurants, and cultural attractions, including the city’s art center and the Westminster City Hall. Westminster is also home to several annual events and festivals that bring the community together, fostering a strong sense of identity and pride. Education is emphasized in the area, with multiple schools and institutions providing quality education. The city is strategically located near major highways, facilitating easy access to Denver and the surrounding areas. With its scenic views of the Rocky Mountains, excellent amenities, and a friendly community vibe, Westminster is an appealing place for residents and visitors alike.

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