Quick facts: Longmont, CO

Quick Facts

115.8
Cost of Living
above US average
98,687
Population
30.53
Crime Rate per 1000
above US average
$89,720
Median Income
above US average
$490,000
Median House Price
above US average
$1921.93
Average Rent
above US average
7%
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 $89,720.

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Income Needed to Buy

βœ— Stretch
$154k/year
Based on $490,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $154k vs median $89,720
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Income Needed to Rent

βœ“ Affordable
$82k/year
Based on $1921.93/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($89,720) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Longmont, CO

Longmont, Colorado, is a vibrant city located in Boulder County, approximately 15 miles southeast of Boulder and 35 miles northwest of Denver. Nestled in the picturesque valleys of the Rocky Mountains, Longmont boasts stunning views, outdoor recreational opportunities, and a rich history. Founded in 1871, Longmont has a mix of modern amenities and historic charm, highlighted by its well-preserved downtown area featuring unique shops, restaurants, and local breweries. The city is known for its strong sense of community, with numerous events and festivals held throughout the year, such as the Longmont Oktoberfest and the Longmont Farmers Market. Longmont is also recognized for its commitment to sustainability and innovation, hosting a growing tech scene and various organizations focusing on renewable energy. Outdoor enthusiasts can enjoy the extensive trail system, parks, and nearby recreational areas, including the scenic St. Vrain State Park and the foothills of the Rockies. With a diverse population and a focus on quality of life, Longmont offers a blend of urban and rural living, making it an attractive destination for residents and visitors alike.

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