Cheapest Cost Of Living In Colorado. 8 (up 3) home price to income ratio: There are still many great places to live in colorado that are affordable.
The county in colorado with the lowest cost of living is ouray county. According to bestplaces.net, the median home price in colorado is $384,000, which is well above the national average. The median family income in the area is $66,160 and the median home price is $208,300.