Cost of Living in Cañon City
Cañon City runs genuinely affordable on housing and property tax, though median household income comes in below both the national and Colorado state medians -- a real, disclosed trade-off rather than an unambiguous bargain.
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Learn moreBelow-average household income, with a real recent decline
Median household income is cited at $64,787, itself down from the prior year's $66,068 -- a real, disclosed modest decline rather than growth. This runs 20% below the national median ($80,734 cited) and 32% below the Colorado state median ($95,470 cited) (retrieved 2026-08-24).
A genuinely improving poverty picture
The poverty rate is cited at 13.41%, down 6.4 percentage points (-50.8%) since 2019 -- a real, disclosed positive trend worth surfacing alongside the below-average income figures, not just the negative half of the picture.
Low property taxes, a real and consistent positive
Cañon City's median effective property tax rate is 0.45%, with a median annual bill of $1,317 -- $1,083 below the national median of $2,400, and modestly below Colorado's own ~0.50% statewide average.
Colorado's flat income tax applies here as it does statewide
Colorado's flat 4.40% individual income tax rate (2026) applies in Cañon City exactly as it does statewide -- not a distinguishing local factor, and notably not a no-income-tax market.
Key takeaways
- Median household income ($64,787, itself down YoY) runs 20% below the national median and 32% below the Colorado state median.
- Poverty rate (13.41%) has genuinely improved, down more than half since 2019 -- a real positive trend.
- A low 0.45% effective property tax rate with a $1,317 median annual bill -- a real, consistent affordability positive.
- Colorado's flat 4.40% state income tax applies in Cañon City as it does statewide.
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