12 Cheapest Places to Live in Colorado in 2023

Due to high demand, the real estate market and cost of living continues to increase at a pretty rapid but steady rate. This can make it difficult to find a cheap place to live in Colorado.

Here are the cheapest places to live in Colorado in 2023 that are in close proximity to the mountains and even some national forests.

The town has a slower pace of life and is located in the southern Colorado plains, about 3.5 hours southeast of Denver.

1. Lamar

One of the cheapest places to live in Colorado, based on median home price, is Trinidad. The views and nature near Trinidad are incredible!

2. Trinidad

Moving north, about halfway between Colorado Springs and Trinidad is Pueblo. It’s well-known for authentic Mexican food and the farming culture.

3. Pueblo

This small town is nestled right at the base of the Rocky Mountains and offers a wide variety of things to do. The city is safe, clean and inviting with great job opportunities.

4. Cañon City

Located near the western Colorado border is Grand Junction, which has a population of around 63,000 people.

5. Grand Junction

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