Housing costs in Colorado Springs?
A typical home costs
$649,800, which is 92.2% more expensive than the national average of
$338,100 and 23.3% more expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Colorado Springs costs
$2,170 per month, which is 31.5% more than the national average of
$1,650 and 31.8% more than the state average of
$1,480.
Can I afford Colorado Springs?
To live comfortably in Colorado Springs (zip 80924), Colorado, a minimum annual income of
$124,560 for a family, and
$69,200 for a single person is recommended.
What does A.I. say about Colorado Springs?
The cost of living in 80924 Colorado Springs, CO is relatively affordable compared to other cities in the United States. According to Kiplinger, the city ranks #17 in terms of cheapest places to live in the U.S., placing it well below other major metropolitan areas. The median home value is currently estimated at $273,600 while the median household income stands at $64,202. However, costs of goods and services vary greatly depending on the neighborhood or area you’re looking to live in. For example, living in a more desirable area such as near downtown would come with higher prices than a quieter suburban neighborhood within the same zip code. Nevertheless, 80924 Colorado Springs offers a reasonable cost of living that many individuals and families can afford.