Summit County, CO at a glance
Median household income
$109,773$9,148 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Summit County, CO?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Summit County, CO? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Summit County, CO, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,701 | $20,412 | $68,040 | 18.6% |
| 1-Bedroom Apartment | $1,880 | $22,560 | $75,200 | 20.6% |
| 2-Bedroom ApartmentBenchmark | $2,467 | $29,604 | $98,680 | 27% |
| 3-Bedroom Home | $2,958 | $35,496 | $118,320 | 32.3% |
| 4-Bedroom Home | $3,268 | $39,216 | $130,720 | 35.7% |
What a typical income covers in Summit County, CO
The 50/30/20 rule applied to the local median of $109,773 a year ($9,148 a month before tax).
What $109,773 leaves after Colorado taxes
Federal income tax, Social Security, Medicare and Colorado tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Colorado
Living in Summit County, CO: common questions
What is the median household income in Summit County, CO?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Summit County, CO is $109,773 per year (approximately $9,148 per month).
What is the average rent in Summit County, CO?
The closest official figure is HUD's Fair Market Rent for 2026: $1,701 for a studio, $1,880 for one bedroom, $2,467 for two, $2,958 for three and $3,268 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 Summit 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 Summit County, CO?
To keep a $2,467 two-bedroom under 30% of gross income, a household needs about $98,680 a year, or $8,223 a month. That is 90% of what the typical household in Summit County, CO earns.
How much do you need to live comfortably in Summit County, CO?
On the local median income of $109,773 ($9,148 a month before tax), the 50/30/20 rule leaves $4,574 a month for needs like rent, utilities and groceries, $2,744 for everything else and $1,830 for savings or debt. A two-bedroom at $2,467 takes 54% of the needs share.
How much is the electric bill in Summit 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.