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Boulder, CO vs Grand Junction, CO
A 2-bedroom in Grand Junction costs $875 less per month than Boulder ($1,249 vs $2,124). Median income is $102,772 in Boulder and $71,485 in Grand Junction. That's a difference of $10,500 per year in housing costs.
Side-by-Side Comparison
| Metric | Boulder | Grand Junction |
|---|---|---|
| Studio FMR | $1,553 | $881 |
| 1BR FMR | $1,795 | $986 |
| 2BR FMR | $2,124 | $1,249 |
| 3BR FMR | $2,820 | $1,737 |
| 4BR FMR | $3,239 | $2,095 |
| Median Income | $102,772 | $71,485 |
| Rent Burden | 24.8% | 21% |
| Actual Median Rent | $1,893 | $1,154 |
| Median Home Value | $713,900 | $349,400 |
| Population | 328K | 157K |
| Renter % | 37.5% | 28.1% |
| Vacancy Rate | 5.3% | 6.2% |
| Poverty Rate | 11.4% | 11.2% |
| YoY Change | - | +11.2% |
| Min Wage | $14.81/hr | $14.81/hr |
Income Required to Afford a 2-Bedroom
Boulder, CO
Annual Income Needed
$84,960
Hourly Wage Needed
$41/hr
Min Wage Work Hours/Week
110.3 hrs
at $14.81/hr (CO min wage)
Grand Junction, CO
Annual Income Needed
$49,960
Hourly Wage Needed
$24/hr
Min Wage Work Hours/Week
64.9 hrs
at $14.81/hr (CO min wage)
Frequently Asked Questions
Grand Junction, CO is more affordable with a 2BR FMR of $1,249/mo, which is $875 less than Boulder at $2,124/mo. However, when considering local incomes, Boulder has a rent burden of 24.8% vs 21% in Grand Junction.
A 2-bedroom in Boulder, CO costs $2,124/mo at Fair Market Rent, while in Grand Junction, CO it's $1,249/mo, a difference of $875/mo or $10,500/year.
To afford a 2BR without spending more than 30% of income on rent: Boulder requires $84,960/year ($41/hr). Grand Junction requires $49,960/year ($24/hr).
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