Quick facts: Sterling, CO

Quick Facts

114.3
Cost of Living
above US average
13,102
Population
43.96
Crime Rate per 1000
above US average
$44,556
Median Income
below US average
$280,000
Median House Price
above US average
$1262.19
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
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 $44,556.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $280,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $44,556
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Income Needed to Rent

⚠ Stretch
$54k/year
Based on $1262.19/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $54k vs median $44,556
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sterling, CO

Sterling, located in Logan County, Colorado, is a charming city known for its rich history and vibrant agricultural community. With a population of approximately 14,000 residents, Sterling serves as a regional hub for commerce and services within the Colorado High Plains. The city is situated along the South Platte River, providing picturesque views and recreational opportunities, such as fishing, boating, and hiking in the nearby parks. Sterling's economy is primarily driven by agriculture, with wheat, corn, and livestock being significant contributors. The community also boasts a variety of local businesses, retail shops, and dining options, creating a friendly and welcoming atmosphere. Notable attractions include the Logan County Courthouse, the historical downtown area, and the Overland Trail Museum, which showcases the area's pioneer history. Sterling enjoys a semi-arid climate, characterized by hot summers and cold winters, making it an ideal location for outdoor activities year-round. The city is also known for its annual events, including the Logan County Fair and the Colorado State Cattlemen's Convention, which celebrate its rich agricultural heritage.

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