Colorado · Census, HUD and BEA figures · Updated

Cost of Living in Mineral County, CO

Prices around Mineral County, CO run 3.1% above the U.S. average (BEA, Colorado). The typical household there earns $56,250 a year, and HUD puts a two-bedroom at $1,343 a month. Keeping that rent under 30% of income takes about $53,720 a year.

Mineral County, CO at a glance

Median household income

$56,250$4,688 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,343HUD FY2026 Fair Market Rent
Price level (U.S. = 100)103.1+3.1% · BEA, Colorado
Electricity17.1¢per kWh · EIA Residential CO
Population729Census ACS 5-year estimate

How much rent can you afford in Mineral County, CO?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,343Monthly market rent
Share of gross income28.7%Recommended max: 30%
Annual income needed$53,720To meet the 30% standard
Max affordable rent$1,406At 30% of $56,250
0%30% (Affordability standard)100%
Compare against:

How much is rent in Mineral County, CO? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Mineral County, CO, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Mineral County, CO, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,017$12,204$40,68021.7%
1-Bedroom Apartment$1,024$12,288$40,96021.8%
2-Bedroom ApartmentBenchmark$1,343$16,116$53,72028.7%
3-Bedroom Home$1,714$20,568$68,56036.6%
4-Bedroom Home$2,106$25,272$84,24044.9%

Rent in Mineral County, CO, with the wage each unit needs →

What a typical income covers in Mineral County, CO

The 50/30/20 rule applied to the local median of $56,250 a year ($4,688 a month before tax).

Needs (50%)$2,344/moRent ($1,343 2-BR), utilities (~$154/mo), groceries, transit
Wants (30%)$1,406/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$938/moEmergency fund, retirement, paying down loans

What $56,250 leaves after Colorado taxes

Federal income tax, Social Security, Medicare and Colorado tax on the local median income. Change the salary to see yours.

$56,250
$20,000$115,000
Filing status:
Gross salary breakdown$56,250
Net 81%
Fed 8%
CO 3%
FICA 8%
Annual take-home$45,610After all taxes
Monthly deposit$3,801Estimated per month
Biweekly paycheck$1,754Every 2 weeks (26/yr)
Effective tax rate18.9%Total tax burden
Federal income tax$4,570 / yr
Colorado state income tax$1,767 / yr
FICA (Social Security & Medicare)$4,303 / yr

Living in Mineral County, CO: common questions

What is the median household income in Mineral County, CO?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Mineral County, CO is $56,250 per year (approximately $4,688 per month).

What is the average rent in Mineral County, CO?

The closest official figure is HUD's Fair Market Rent for 2026: $1,017 for a studio, $1,024 for one bedroom, $1,343 for two, $1,714 for three and $2,106 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Mineral County, CO expensive to live in?

Prices there run 3.1% above the U.S. average. BEA's regional price parity for Colorado is 103.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Mineral County, CO?

To keep a $1,343 two-bedroom under 30% of gross income, a household needs about $53,720 a year, or $4,477 a month. That is 96% of what the typical household in Mineral County, CO earns.

How much do you need to live comfortably in Mineral County, CO?

On the local median income of $56,250 ($4,688 a month before tax), the 50/30/20 rule leaves $2,344 a month for needs like rent, utilities and groceries, $1,406 for everything else and $938 for savings or debt. A two-bedroom at $1,343 takes 57% of the needs share.

How much is the electric bill in Mineral County, CO?

Homes in Colorado paid 17.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $154. Your bill depends mostly on heating and cooling.