Quick facts: Broomfield, CO

Quick Facts

115.3
Cost of Living
above US average
76,121
Population
27.9
Crime Rate per 1000
above US average
$117,541
Median Income
above US average
$609,000
Median House Price
above US average
$3006.55
Average Rent
above US average
6%
Poverty Rate
below US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $117,541.

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Income Needed to Buy

βœ— Stretch
$191k/year
Based on $609,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $191k vs median $117,541
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Income Needed to Rent

⚠ Stretch
$129k/year
Based on $3006.55/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $129k vs median $117,541
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Broomfield, CO

Broomfield, Colorado, is a vibrant city situated midway between Denver and Boulder. Known for its unique blend of urban and suburban living, Broomfield boasts a rich history and a strong sense of community. The city features a wealth of parks, outdoor activities, and open spaces, making it a haven for nature lovers and outdoor enthusiasts. With more than 1,500 acres of parks and over 200 miles of trails, residents enjoy ample opportunities for hiking, biking, and recreational activities. Broomfield is also recognized for its booming economy, driven by a mix of local businesses and major corporations, including tech and telecom industries. The city hosts several shopping and dining options, particularly in the Broomfield Commons and FlatIron Marketplace. Culturally, Broomfield is home to various community events and festivals, as well as performance venues like the 1stBank Center, which hosts concerts and events year-round. With excellent schools and a family-friendly atmosphere, Broomfield attracts residents looking for a balanced lifestyle close to the amenities of larger cities while offering its own unique charm.

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