Housing costs in Simla?
A typical home costs
$290,900, which is 14.0% less expensive than the national average of
$338,100 and 44.8% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Simla costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 35.2% cheaper than the state average of
$1,650.
Can I afford Simla?
To live comfortably in Simla, Colorado, a minimum annual income of
$55,800 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Simla?
Simla, CO is a great place to live with an affordable cost of living. The overall cost of living index in Simla is about 13% lower than the US average, making it much more reasonable to live there than many other places in the country. In addition, housing costs are around 30% lower than the national average, presenting a great opportunity for those looking to purchase or rent in this area. Groceries and health care tend to be slightly higher than the national average but are still quite affordable compared to other cities and towns across the United States. All in all, Simla is an excellent place to live with its beautiful scenery, small-town atmosphere, and low cost of living.