Cost of Living in Chaffee County, CO

How far does a $70,000 salary go in Chaffee County? Estimated income taxes on that gross salary total approximately $9,679 per year — combining federal taxes with Colorado's state income tax. Subtract rent for a 2-bedroom apartment ($1,466/month based on HUD Fair Market Rents for the Chaffee County metro area) and the estimated annual take-home is $42,729, or roughly $3,561 per month for everything else: food, transportation, savings, and discretionary spending.

At a $70,000 salary, the estimated 2-bedroom rent in Chaffee County represents approximately 25% of gross income. That approaches the 30% threshold commonly used to define affordability. A smaller unit or a higher salary would improve the picture.