Housing costs in Lake City?
A typical home costs
$437,800, which is 29.5% more expensive than the national average of
$338,100 and 17.0% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Lake City costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 26.0% cheaper than the state average of
$1,650.
Can I afford Lake City?
To live comfortably in Lake City, Colorado, a minimum annual income of
$83,880 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Lake City?
Lake City, CO has an affordable cost of living and offers great value for money. The median home price is $199,500, which is quite low compared to other parts of the country. Rent in Lake City is also very reasonable; the median rent for a two-bedroom apartment is only $818 per month. Utility costs are also relatively low, averaging around $103 per month for electricity, water and garbage. Grocery costs are slightly higher than the US average but still remain very competitive. In general, living in Lake City, CO provides a great quality of life at an affordable cost.