Quick facts: Silt, CO

Quick Facts

114.3
Cost of Living
above US average
3,594
Population
8.35
Crime Rate per 1000
below US average
$72,450
Median Income
below US average
$799,000
Median House Price
above US average
$2340.0
Average Rent
above US average
8%
Poverty Rate
below US average
5.2%
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 $72,450.

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Income Needed to Buy

βœ— Stretch
$251k/year
Based on $799,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $251k vs median $72,450
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Income Needed to Rent

⚠ Stretch
$100k/year
Based on $2340.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $100k vs median $72,450
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Silt, CO

Silt is a small town located in Garfield County, Colorado, known for its picturesque views and outdoor recreational opportunities. Nestled along the banks of the Colorado River, Silt is part of the larger Glenwood Springs area and is situated at the base of the Rocky Mountains. The town has a rich history, initially established in the late 19th century during the era of coal mining. Today, Silt retains its charm with a close-knit community atmosphere while offering easy access to amenities in nearby larger towns. The area is popular for outdoor activities, including hiking, biking, fishing, and camping, thanks to its proximity to the White River National Forest and the scenic beauty of the region. The local economy is a mix of agriculture, tourism, and small businesses, contributing to the town's growth while maintaining its rural character. Silt is also close to popular destinations such as Glenwood Springs, known for its hot springs and adventure activities, making it a delightful hub for both residents and visitors looking to experience the beauty of Colorado.

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