Quick facts: Durango, CO

Quick Facts

114.3
Cost of Living
above US average
19,531
Population
35.28
Crime Rate per 1000
above US average
$76,177
Median Income
below US average
$639,000
Median House Price
above US average
$2286.36
Average Rent
above US average
8%
Poverty Rate
below US average
4.2%
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 $76,177.

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Income Needed to Buy

βœ— Stretch
$200k/year
Based on $639,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $200k vs median $76,177
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Income Needed to Rent

⚠ Stretch
$98k/year
Based on $2286.36/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $98k vs median $76,177
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Durango, CO

Durango, Colorado, is a picturesque city nestled in the San Juan Mountains in the southwestern part of the state. Known for its rich history, Durango was founded during the Colorado Silver Boom in the late 19th century and retains many historical buildings from that era. The city serves as a vibrant cultural hub, boasting a lively downtown area filled with local shops, restaurants, and galleries. Outdoor enthusiasts flock to Durango for its stunning natural beauty and recreational opportunities. The area is famous for hiking, mountain biking, and skiingβ€”particularly at the nearby Purgatory Resort. River activities like kayaking and rafting on the Animas River are also popular. Durango is home to the narrow-gauge Durango & Silverton Railroad, a UNESCO World Heritage site, offering scenic train rides through breathtaking landscapes. The city hosts several annual events, including the Durango Bluegrass Meltdown and the Animas River Days, showcasing the community's spirit and love for the outdoors. With its unique blend of history, culture, and adventure, Durango is a charming destination for tourists and a vibrant community for its residents.

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