Housing costs in Severance?
A typical home costs
$522,300, which is 54.5% more expensive than the national average of
$338,100 and 0.9% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Severance costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 8.6% cheaper than the state average of
$1,650.
Can I afford Severance?
To live comfortably in Severance, Colorado, a minimum annual income of
$100,080 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Severance?
The cost of living in Severance, CO is considered to be very affordable. The overall cost of housing is 10% lower than the national average, with the median home value being $235,000. Meanwhile, groceries and healthcare costs are slightly below the national average while utilities are about 17% higher due to the colder climate. Severance also has a sales tax rate of 2.9%, which is slightly lower than most other towns in Colorado. All in all, Severance offers a reasonable cost of living that makes it a great place to live for people on a budget or retirees looking for an affordable place to call home.