Colorado, with its breathtaking landscapes, vibrant cultural scenes, and a plethora of outdoor activities, offers a unique setting for retirement. Known for its majestic Rocky Mountains, sprawling forests, and scenic rivers and lakes, the Centennial State appeals to those seeking adventure and tranquility alike. This guide explores top destinations within Colorado that promise not only a comfortable and stimulating retirement but also affordability, ensuring your nest egg goes further.
10 Best Places to Retire in Colorado on a Budget
- Why Retire in Colorado?
- Selecting the Best Retirement Destinations in Colorado
- Top 10 Affordable Retirement Destinations in Colorado
- Making the Most of Your Retirement in Colorado
- Final Thoughts
Why Retire in Colorado?
Choosing to retire in Colorado comes with a myriad of benefits. The state’s diverse geography provides endless opportunities for recreation and leisure, from skiing and snowboarding in the winter to hiking, biking, and fishing during the warmer months. Colorado’s commitment to health and wellness is evident in its active population and the availability of high-quality healthcare facilities. Moreover, the state’s vibrant arts and culture scene, from Denver’s dynamic urban energy to the historic charm of its smaller towns, ensures a richly fulfilling lifestyle.
In this article, we explore affordable retirement spots across Colorado. Although the state ranks ninth in U.S. living costs, many Colorado cities can still provide significant value, especially for those relocating from states like California or Washington. That being said, expect a bit of sticker shock if you’re looking at this list from a state with a lower cost of living (and for options that come in well below the national average for cost of living, check out our lists of affordable retirement destinations in Texas, Georgia, and North Carolina).
Not sure if retiring in Colorado is the right move for you? Be sure to explore our comprehensive guide to the pros and cons of a Colorado retirement.
Selecting the Best Retirement Destinations in Colorado
Our selection of the best places to retire in Colorado is grounded in critical factors like affordability, access to healthcare, safety, community atmosphere, and the availability of cultural and recreational activities tailored to the retiree lifestyle. Each location offers a distinct blend of these qualities, providing options that cater to diverse preferences and needs.
Top 10 Affordable Retirement Destinations in Colorado
10. Grand Junction
- Cost of Living Score: 99.1 (0.9% lower than the national average)
- Population (2024): 70,383
- Median Listing Prices: $384,500 to $757,124 (depending on zip code)
- Top choice for: natural beauty in Colorado’s wine country
Grand Junction offers a unique blend of natural beauty and suburban convenience, making it a standout choice for retirees. Nestled in the heart of Colorado’s wine country and bordered by the dramatic landscapes of the Colorado National Monument, Grand Junction provides a picturesque setting for a relaxing and active retirement.
The city is known for its mild climate and abundant outdoor activities. Residents can enjoy hiking, biking, and exploring the local trails, or take scenic drives through the nearby red rock canyons. Grand Junction also boasts a vibrant downtown area with a variety of shops, restaurants, and cultural venues, including art galleries and theaters that host regular performances and events.
Grand Junction’s community is welcoming and engaged, with numerous local festivals and markets, such as the popular Colorado Mountain Winefest. The cost of living here is reasonable, allowing retirees to make the most of their budgets while enjoying a high quality of life.
9. Canon City
- Cost of Living Score: 91 (9% lower than the national average)
- Population (2024): 17,555
- Median Listing Prices: $425,000
- Top choice for: serene living with a side of adventure
Canon City is an appealing destination for retirees who enjoy the great outdoors and a small-town atmosphere. Nestled along the Arkansas River and known for its mild climate, Canon City offers a rich blend of history, adventure, and natural beauty.
The city is famous for the Royal Gorge Bridge and Park, where visitors can explore one of the world’s highest suspension bridges. For those who prefer a more grounded adventure, there are numerous hiking and biking trails that showcase the stunning landscape of the surrounding area. Canon City also boasts a thriving downtown with unique shops, restaurants, and cafes that add to its charm.
8. Fort Collins
- Cost of Living Score: 115.7 (15.7% higher than the national average)
- Population (2024): 168,519
- Median Listing Prices: $535,000 to $664,800 (depending on zip code)
- Top choice for: lifelong learners seeking educational and cultural opportunities
Don’t let the higher cost of living score dissuade you, Fort Collins remains an outstanding value for retirees and has earned its place on our list of affordable retirement destinations in Colorado. This city offers a unique mix of urban amenities and natural beauty, making it a compelling choice for those seeking a balanced and enriching retirement.
Fort Collins is known for its vibrant cultural scene, with a bustling downtown that features an array of shops, restaurants, art galleries, and live music venues. The city is also home to Colorado State University, which contributes to its lively atmosphere and provides numerous free and low-cost educational and cultural opportunities for lifelong learners.
Outdoor enthusiasts will appreciate the easy access to natural spaces, with extensive bike trails, parks, and proximity to the Rocky Mountains for hiking and skiing. The city also prioritizes sustainability and community engagement, hosting various events and festivals that celebrate local culture and community spirit.
Although the cost of living is slightly higher, the quality of life in Fort Collins—combined with the healthcare facilities, active community, and diverse recreational opportunities—presents a value that many retirees find well worth the investment.
7. Pueblo
- Cost of Living Score: 90.3 (9.7% lower than the national average)
- Population (2024): 111,021
- Median Listing Prices: $245,000 to $454,800 (depending on zip code)
- Top choice for: a budget-friendly city with cultural flair
Pueblo offers retirees a highly affordable option with a rich cultural heritage and a warm, welcoming community. This southern Colorado city stands out for its significantly lower cost of living compared to many other parts of the state, making it an attractive destination for those looking to maximize their retirement savings.
Pueblo is celebrated for its vibrant arts scene and historical attractions, including the El Pueblo History Museum and the annual Chile & Frijoles Festival, which celebrates the local green chile harvest (and features some of the best and spiciest food you’ll find in the state).
The city’s Riverwalk in the historic downtown area is a picturesque spot that hosts various events and is lined with cafes, shops, and public art installations. Outdoor activities are plentiful in Pueblo, with Lake Pueblo State Park offering boating, fishing, and hiking opportunities amidst scenic views. The city also benefits from over 300 days of sunshine a year, allowing residents to enjoy its many parks and golf courses year-round.
With its combination of affordability, cultural richness, and community-oriented lifestyle, Pueblo is an excellent choice for retirees seeking a cost-effective yet vibrant place to call home.
6. Loveland
- Cost of Living Score: 115.7 (15.7% higher than the national average)
- Population (2024): 79,406
- Median Listing Prices: $585,000 to $599,950 (depending on zip code)
- Top choice for: luxury and vibrancy close to the Rockies
Loveland with its cost of living 15.7% above the national average, still presents an excellent value for retirees seeking a vibrant and fulfilling lifestyle in a beautiful setting. Known as the “Sweetheart City” (they celebrate Valentine’s Day bigger than anywhere here) and the gateway to the Rocky Mountains, Loveland blends artistic flair with natural beauty, making it a compelling choice despite its slightly higher cost.
Loveland also boasts a robust community spirit, with frequent cultural festivals and events that bring residents together. Its historic downtown area is a hub of activity, featuring unique shops, cafes, and restaurants that add to its charm.
While the cost of living may be higher, Loveland’s quality of life, coupled with its artistic community and ample outdoor recreation opportunities, offers retirees a rewarding lifestyle that many find well worth the investment.
5. Montrose: Gateway to Natural Wonders
- Cost of Living Score: 95.4 (4.6% lower than the national average)
- Population (2024): 21,650
- Median Listing Prices: $549,000 to $799,000 (depending on zip code)
- Top choice for: a home base to explore the great outdoors
Montrose, Colorado, offers a unique blend of affordability, natural beauty, and a relaxed lifestyle, making it an appealing choice for retirees. Positioned in the heart of Colorado’s scenic landscapes, Montrose provides easy access to an array of outdoor activities, from hiking and fishing in the nearby San Juan Mountains to exploring the Black Canyon of the Gunnison National Park.
This small city strikes a balance between rural tranquility and essential urban amenities. Its downtown area features a mix of local shops, restaurants, and cultural venues, and hosts various community events throughout the year that showcase its vibrant local spirit. Montrose is also known for its strong sense of community and welcoming atmosphere, which resonates deeply with retirees looking for a supportive place to settle.
4. Wheat Ridge
- Cost of Living Score: 132.7 (32.7% higher than the national average)
- Population (2024): 31,377
- Median Listing Prices: $582,450
- Top choice for: suburban comfort meets urban amenities
Wheat Ridge, with a cost of living 32.7% above the national average, might seem pricey, but it offers considerable value within the Denver metro area, especially for retirees coming from more expensive cities. This suburb blends a small-town atmosphere with easy access to Denver’s urban amenities, making it an attractive option for those seeking a quieter yet connected lifestyle.
The city is rich in green spaces like the Clear Creek Trail, ideal for outdoor activities, and hosts community-focused events such as RidgeFest, which fosters a strong sense of community. While the cost is higher, the quality of life and proximity to Denver’s resources present Wheat Ridge as a compelling value that we couldn’t overlook for retirees looking for the best of both suburban and city living.
3. Durango
- Cost of Living Score: 117.9 (17.9% higher than the national average)
- Population (2024): 19,955
- Median Listing Prices: $819,450 to $1,317,000 (depending on zip code)
- Top choice for: living steeped in history with modern conveniences
Durango, Colorado, nestled in the scenic San Juan Mountains, offers a unique blend of adventure and small-town charm that appeals to retirees seeking an active lifestyle. The city is a hub for outdoor enthusiasts, with easy access to skiing, hiking, and mountain biking. The Animas River, flowing directly through town, adds to the allure with opportunities for kayaking, fishing, and scenic river walks.
Despite its remote location, Durango maintains a robust assortment of dining options, breweries, and shops, contributing to its appeal as a culturally rich retreat. For retirees looking for a blend of outdoor activities, cultural richness, and community engagement, Durango stands out as an inviting choice.
2. Salida: A Haven for Arts and Recreation
- Cost of Living Score: 108.9 (8.9% higher than the national average)
- Population (2024): 5,933
- Median Listing Prices: $704,500
- Top choice for: easy living on the Arkasas River
Outdoor activities abound in Salida, with exceptional opportunities for hiking, mountain biking, and whitewater rafting right at the doorstep. The Arkansas River provides miles of gold-medal waters for fishing and is a popular spot for rafting and kayaking.
Salida’s historic downtown area is a hub of activity, offering an array of boutique shops, restaurants, and cafes, all framed by stunning mountain views. The town is renowned for its thriving arts community, with numerous galleries, studios, and a monthly “First Friday” celebration that showcases local artists and musicians. With its combination of outdoor adventure, cultural richness, and small-town charm, Salida offers an appealing lifestyle for retirees seeking both relaxation and engagement in their golden years.
1. Greeley
- Cost of Living Score: 113.4 (13.4% higher than the national average)
- Population (2024): 109,154
- Median Listing Prices: $380,000 to $468,450 (depending on zip code)
- Top choice for: a quaint farm town with a lot more to offer
Greeley, Colorado, blends a rich cultural scene with a relaxed agricultural atmosphere, making it an attractive option for retirees. Nestled in northern Colorado, this city thrives on its strong community bonds and deep agricultural roots.
Culture is vibrant in Greeley, home to the Greeley Philharmonic Orchestra—one of the West’s oldest—and numerous theaters and galleries. The city comes alive with events like the Greeley Stampede, a celebrated annual rodeo and festival.
Residents also enjoy a variety of outdoor activities, with ample parks and easy access to the scenic Rocky Mountains. Greeley’s cost of living is more affordable than many other Colorado cities, offering great value for retirees looking to maximize their budget in a lively yet laid-back setting.
Making the Most of Your Retirement in Colorado
Retirement in Colorado means embracing an active lifestyle, engaging with vibrant communities, and enjoying the natural and cultural riches of the state. Whether your interests lie in exploring the great outdoors, immersing yourself in the arts, or simply enjoying the tranquility of picturesque landscapes, Colorado offers a fulfilling and vibrant retirement experience that’s both enriching and affordable.
Final Thoughts
Retiring in Colorado allows you to experience the pinnacle of American beauty and cultural richness without compromising on affordability or quality of life. The state’s diverse range of retirement destinations provides something for every retiree, from those seeking the thrill of outdoor adventures to those wishing for a peaceful, community-focused lifestyle. With its favorable climate, welcoming communities, and wealth of recreational and cultural opportunities, Colorado stands as a compelling choice for those seeking an elevated, budget-friendly retirement.
Falling in love with the idea of retiring in the mountains? Check out these other affordable places to retire with mountain views in Tennessee, North Carolina, and Virginia.
Median listing price data provided courtesy of realtor.com
All population data is courtesy of World Population Review
Cost of living score provided courtesy of BestPlaces.net
