Cost of Living in Erie, Colorado in 2025: What You Need to Know

Erie, Colorado, continues to attract homebuyers seeking a balance between suburban tranquility and accessibility to urban centers like Boulder and Denver. As of 2025, understanding the cost of living in Erie is crucial for potential homeowners and investors.

Housing Market Trends in 2025

In 2025, the median home sold price in Erie is approximately $718,900, reflecting a slight decrease from the previous year. The median price per square foot is about $287. Despite the dip, Erie remains a competitive real estate market—especially when compared to Boulder, where housing costs are significantly higher.

For renters, the average monthly rent for a two-bedroom unit is around $2,290, placing Erie well above the national average.

Property Taxes and Assessment Rates

Erie spans both Boulder and Weld Counties, leading to variations in property tax rates:

• Boulder County: Median effective property tax rate is around 0.58%, with median home values approaching $765,000.

• Weld County: Median effective property tax rate is approximately 0.44%, with home values averaging just above $360,000.

As of January 2025, Colorado’s residential assessment rate is 6.25%, meaning property taxes are calculated based on that percentage of a home’s actual value.

Utilities and Energy Costs

Utility expenses in Erie are considered moderate:

• Electricity: Average monthly electric bill is approximately $133, based on typical household consumption.

• Water and Wastewater: Erie implemented a 4.5% increase in water, wastewater, and stormwater rates for 2025. A tiered water rate system helps residents manage their bills based on usage.

Transportation and Commuting

Erie's location offers convenient access to employment centers in the Front Range:

• Commute Times: 25–30 minutes to Boulder, 30–35 minutes to Denver.

• Public Transit: Erie aims to increase bus routes and ridership by 10% in 2025.

• Transportation Costs: Colorado recently increased rental car surcharges, which may affect occasional travel costs, especially for visitors or those without a personal vehicle.

Grocery and Daily Living Expenses

Grocery and household costs have modestly increased in 2025:

• Food Prices: Grocery store purchases are expected to rise by approximately 2.7% this year.

• Monthly Grocery Bill: A family of four can expect to spend around $750 to $800 per month on groceries, with small annual increases due to inflation.

Overall Affordability

While Erie’s overall cost of living is about 36% higher than the national average, it remains more affordable than nearby Boulder, which is roughly 25% more expensive. Erie offers suburban charm, excellent schools, and a strong sense of community—making it a smart choice for those looking to buy a home in Colorado's Front Range.

Final Thoughts

If you're considering a move to the Boulder-Denver corridor, Erie offers an attractive mix of affordability, lifestyle, and real estate investment potential. With its small-town atmosphere, access to nature, and proximity to major job markets, Erie stands out as one of Colorado’s most livable towns.

Thinking about buying a home in Erie, Colorado? Talk to a local real estate expert to explore your options and get personalized insights into the 2025 housing market.

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