Housing costs in Drake?
A typical home costs
$449,300, which is 32.9% more expensive than the national average of
$338,100 and 14.8% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Drake costs
$1,340 per month, which is 18.8% cheaper than the national average of
$1,650 and 14.9% cheaper than the state average of
$1,540.
Can I afford Drake?
To live comfortably in Drake (zip 80515), Colorado, a minimum annual income of
$86,040 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Drake?
The cost of living in 80515 Drake, CO is relatively high compared to other parts of the country. According to a report conducted by Sperling's Best Places, the overall cost of living index for 80515 is 123.9, which is 23.9% higher than the national average. This means that housing costs, groceries, utilities and transportation are all more expensive than average in 80515. However, the higher cost of living is often offset by higher wages and salaries in the area, making it a desirable place to live for those who can afford it.