Housing costs in Ellicott?
A typical home costs
$44,300, which is 86.9% less expensive than the national average of
$338,100 and 91.6% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Ellicott costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 39.8% cheaper than the state average of
$1,650.
Can I afford Ellicott?
To live comfortably in Ellicott, Colorado, a minimum annual income of
$8,640 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Ellicott?
Ellicott, Colorado is a small, rural town located in El Paso County. The cost of living in Ellicott is fairly low compared to other areas in the state. The median home value is just over $161,000 which is much lower than the Colorado average of nearly $400,000. This makes Ellicott an attractive option for people looking for reasonably priced real estate. Renting is also very affordable with an average rent of around $1000 per month. Additionally, food and utilities are relatively low due to the lack of major industry or businesses in the area. All in all, living in Ellicott can be quite affordable and can provide a great quality of life for those looking for a rural lifestyle.