The Price of a Luxury Home: How Does Colorado Compare?

Let's face it, the cost of living in many parts of Colorado seems to just keep getting worse. Many families are living together these days, and the unfortunate trend of "working to pay rent" is becoming more and more prevalent, especially for millennials and younger generations.

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A new study from Realtor.com addresses not necessarily this particular issue, but a view of the problem as seen from the perspective of the super-rich.

As you'll see below, owning a luxury home in Colorado is rather expensive, but the comparison of that cost to many of the state's neighbors may come as the biggest surprise.

How Much is a Colorado Luxury Home in 2025 Compared to Neighboring States?

According to Realtor.com's new data, the average cost of a luxury home in the state of Colorado in 2025 is a whopping $3.3 million. Of course, there are plenty of ridiculously lavish mansions in ski towns like Vail and Aspen that exceed tens of millions of dollars, but this is merely the average price of a home considered to be in the category of "luxury."

If we travel east, we'll see that Kansas, Nebraska, and Oklahoma's average price for a luxury home is significantly less as all three states land just under $1 million.

However, the one state that shares a border with Colorado with a higher average price of a luxury home is, surprisingly, the nation's least-populated state, Wyoming.

In fact, the average price of a luxury home in Wyoming is significantly higher than in Colorado at a whopping $4.2 million.

Check out the complete data from Realtor.com here.