Quick facts: Craig, CO

Quick Facts

114.3
Cost of Living
above US average
8,970
Population
29.77
Crime Rate per 1000
above US average
$52,443
Median Income
below US average
$275,000
Median House Price
above US average
$1241.41
Average Rent
below US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $52,443.

🏠

Income Needed to Buy

βœ— Stretch
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $86k vs median $52,443
🏒

Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1241.41/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $52,443
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Craig, CO

Craig, Colorado, located in Moffat County, is a small city with a rich history and a close-knit community. Nestled in the Yampa Valley, it serves as a gateway to outdoor adventures, surrounded by picturesque landscapes. The area is renowned for its hiking, fishing, and hunting opportunities, with nearby attractions such as the Yampa River and the Routt National Forest. Craig has a population of around 9,000 residents, providing a quaint, small-town atmosphere. The city boasts a variety of local businesses, restaurants, and shops, contributing to its unique charm. The Moffat County School District serves the educational needs of the community, and recreational facilities, including parks and sports complexes, offer ample opportunities for family activities. Cultural events and community gatherings are common, helping to strengthen bonds among residents. Craig also has a rich ranching and coal mining heritage, reflected in its annual events such as the Moffat County Fair. Overall, Craig is a welcoming place with a strong sense of community and abundant opportunities for outdoor enthusiasts.

πŸ” Search & Compare Places

First Location πŸ“