Housing costs in Colorado?
A typical home costs
$527,200, which is 55.9% more expensive than the national average of
$338,100 and 0.0% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Colorado costs
$1,650 per month, which is 15.4% more than the national average of
$1,430 and close to the state average of
$1,650.
Can I afford Colorado?
To live comfortably in Colorado, a minimum annual income of
$101,160 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Colorado?
The cost of living in Colorado State is quite reasonable, making it an attractive home for many people. The median home value is about $350,000, which is lower than the national median of over $430,000. Rent costs are also relatively low compared to other states. The average rent for a two-bedroom apartment is around $1,400 per month. Groceries and utilities tend to be slightly more expensive than in other parts of the country. On average, groceries cost about 10% more than the national average while utilities are slightly higher at 14%. Overall, however, Colorado State remains an affordable place to live with a high quality of life.