Stretched

What Salary Do You Need to Live in Collbran?

To afford a 2-bedroom in Collbran, you need to earn at least $48,680/year based on estimated fair market rent data. The median household income here is $43,750, which means the typical resident is $4,930 below the threshold.

Census ACS Data Pop. 647

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$852	$2,840	$34,080	$-9,670
1 Bedroom	$1,010	$3,367	$40,400	$-3,350
2 Bedroom BENCHMARK	$1,217	$4,057	$48,680	+$4,930
3 Bedroom	$1,485	$4,950	$59,400	+$15,650
4 Bedroom	$1,826	$6,087	$73,040	+$29,290

Affordability Breakdown

Where the required salary line crosses above Collbran's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$43,750

Annual household

2BR Required Salary

$48,680

Under 30% rule

Income Gap

-$4,930

Deficit

Verdict

Stretched

Ratio: 33.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Collbran

Your Annual Salary

Pre-filled with Collbran's median household income

Max monthly rent you can afford$1,094

Studio

$852/mo

1 BR

$1,010/mo

2 BR

$1,217/mo

3 BR

$1,485/mo

4 BR

$1,826/mo

Your salary is $0 above the median income in Collbran.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Collbran's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Collbran

Renting in Collbran is stretched but not impossible. The gap is a relatively narrow $4,930, suggesting that households slightly above median can find workable arrangements — especially with studios at $852/month.

If you're relocating to Collbran, target the studio or 1-bedroom tier ($852–$1,010/month) unless your income exceeds $48,680. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $609/month.

The break-even salary for comfortable living in Collbran is approximately $73,020. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Collbran, Colorado.

With a total population of 647, the city supports an active civilian workforce of 152 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $48,680 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

152

Active civilian employees in Collbran

Frequently Asked Questions About Renting in Collbran

What salary do I need to live in Collbran, Colorado?

To afford a 2-bedroom in Collbran under the 30% rule, you need an annual salary of at least $48,680. The median household income in Collbran is $43,750.

Can I afford a 2-bedroom in Collbran on $43,750?

The affordability verdict for Collbran is "Stretched". The rent-to-income ratio is 33.4%, meaning there's a $4,930 income gap.

What is the average rent in Collbran compared to median income?

The median gross rent in Collbran is $1,010/month. With a median household income of $43,750, residents spend approximately 33.4% of their income on rent.

What salary do I need for a studio in Collbran?

A studio in Collbran rents for approximately $852/month. Under the 30% rule, you need an annual salary of $34,080 to afford this.

Is Collbran considered an affordable place to live?

Based on the deficit of $4,930 and an affordability verdict of "Stretched", Collbran is considered a stretched rental market when comparing the required 2-bedroom salary of $48,680 to the local median household income.

How Collbran Compares

Other cities in Colorado with salary requirements