Housing costs in Parachute?
A typical home costs
$366,500, which is 8.4% more expensive than the national average of
$338,100 and 30.5% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Parachute costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 48.6% cheaper than the state average of
$1,650.
Can I afford Parachute?
To live comfortably in Parachute, Colorado, a minimum annual income of
$70,200 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Parachute?
Parachute, CO is an affordable place to live. The median home value in Parachute is $186,600, with the median household income around $51,588. This makes it easy for most people to purchase or rent a home at an affordable rate. Cost of living in this area is quite low compared to other places in Colorado and across the US. Additionally, the cost of food and groceries is slightly below average, making life here more affordable for those on a budget. Overall, Parachute provides an excellent balance between affordability and quality of life.