Housing costs in Colorado Springs?
A typical home costs
$427,300, which is 26.4% more expensive than the national average of
$338,100 and 18.9% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Colorado Springs costs
$2,060 per month, which is 24.8% more than the national average of
$1,650 and 28.2% more than the state average of
$1,480.
Can I afford Colorado Springs?
To live comfortably in Colorado Springs (zip 80951), Colorado, a minimum annual income of
$81,720 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Colorado Springs?
The cost of living in 80951 Colorado Springs, CO is quite affordable. The overall cost of living index for this area is 92.8, which is 8.2 points below the national average. This means that general living expenses are lower than in other parts of the country and can make it more attractive to those looking to live in a state with a lower cost of living. Prices for goods and services are fairly reasonable when compared to other cities across the nation, and housing costs are particularly low due to the abundance of new construction homes in the area. All in all, Colorado Springs provides a great value for anyone looking to enjoy the benefits of living in an affordable city with plenty to do and see!