Housing costs in Colorado Springs?
A typical home costs
$470,600, which is 39.2% more expensive than the national average of
$338,100 and 10.7% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Colorado Springs costs
$2,200 per month, which is 33.3% more than the national average of
$1,650 and 32.7% more than the state average of
$1,480.
Can I afford Colorado Springs?
To live comfortably in Colorado Springs (zip 80914), Colorado, a minimum annual income of
$90,000 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Colorado Springs?
Colorado Springs, CO has a relatively affordable cost of living compared to other cities in the United States. The city has an overall cost of living index of 98.3 which is slightly lower than the United States average of 100. In terms of housing costs, the median home value in Colorado Springs is around $256,000 which is significantly lower than the national median home value of nearly $200,000. Groceries and goods are also quite affordable with a grocery index of 95.2 and a miscellaneous goods and services index of 92.6 both lower than the national average. All these factors combine to make Colorado Springs a great place for those looking for an affordable lifestyle.