Housing costs in Idaho Springs?
A typical home costs
$503,200, which is 48.8% more expensive than the national average of
$338,100 and 4.6% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Idaho Springs costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 9.3% cheaper than the state average of
$1,650.
Can I afford Idaho Springs?
To live comfortably in Idaho Springs, Colorado, a minimum annual income of
$96,480 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Idaho Springs?
The cost of living in Idaho Springs, CO is relatively low compared to other parts of the country. The median value of homes in Idaho Springs is $285,900, lower than the state average of $334,100. The median household income in Idaho Springs is $48,039, and the cost of living index is 93.5, which indicates that it may be slightly cheaper to live here than the U.S. average. Utility costs are also lower than the national averages; electricity prices are 0.6% below the national average and natural gas prices are 3.8% below the national average. Overall, Idaho Springs offers a cost-effective lifestyle for those looking for an affordable place to live in Colorado's Rocky Mountains region.