Housing costs in Colorado Springs?
A typical home costs
$509,000, which is 50.5% more expensive than the national average of
$338,100 and 3.5% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Colorado Springs costs
$1,890 per month, which is 14.5% more than the national average of
$1,650 and 21.7% more than the state average of
$1,480.
Can I afford Colorado Springs?
To live comfortably in Colorado Springs (zip 80920), Colorado, a minimum annual income of
$97,560 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about Colorado Springs?
The cost of living in 80920 Colorado Springs, CO is quite affordable. According to the website BestPlaces, the overall cost of living index in this zip code is 91.4, which is slightly lower than the U.S. average of 100. Housing costs are especially low with an average price per square foot of only $128 compared to the national average of $150. Other living expenses including utilities and groceries run slightly above the national average, however they remain quite affordable and below other cities throughout Colorado. Altogether, this makes 80920 Colorado Springs a great place for budget-minded individuals looking for a great place to live.