Income needed to buy a home
San Miguel County, CO
$502,078
a year in household income to buy the typical San Miguel County home with 10% down.
The monthly math
Typical home value$1,597,939
Down payment (10%)$159,794
Loan$1,438,145
Principal and interest (7.40%)$9,957/mo
Property tax (0.27% a year)$360/mo
Homeowners insurance (estimate)$799/mo
Mortgage insurance$599/mo
Total monthly cost$11,715/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Out of reach
The typical household here earns $79,024 a year, 16% of what it takes.
In Colorado
San Miguel County ranks #61 of 62 for the income a home takes, from least to most.
Easiest to afford in Colorado
| County | Typical home | Income needed |
|---|---|---|
| Bent County | $120,610 | $38,512 |
| Crowley County | $153,730 | $48,599 |
| Otero County | $161,545 | $51,312 |
| Prowers County | $169,373 | $53,659 |
| Kiowa County | $167,048 | $54,629 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.