Housing costs in Grand Lake?
A typical home costs
$724,200, which is 114.2% more expensive than the national average of
$338,100 and 37.4% more expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Grand Lake costs
$1,990 per month, which is 39.2% more than the national average of
$1,430 and 17.1% more than the state average of
$1,650.
Can I afford Grand Lake?
To live comfortably in Grand Lake (zip 80447), Colorado, a minimum annual income of
$138,600 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Grand Lake?
The cost of living in 80447 Grand Lake, CO is reasonably affordable compared to other areas in the state. The median home value is around $400,000, which is considerably lower than the Colorado average of more than $500,000. Additionally, food costs are relatively low with grocery stores close by and restaurants offering discount deals. Utility bills are also reasonable since the area enjoys a temperate climate and moderate temperatures throughout most of the year. Furthermore, property taxes are some of the lowest in the entire state at 0.6%. All in all, 80447 Grand Lake offers an affordable cost of living that can be enjoyed by all types of people.