Housing costs in Severance?
A typical home costs
$497,300, which is 47.1% more expensive than the national average of
$338,100 and 5.7% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Severance costs
$1,490 per month, which is 9.7% cheaper than the national average of
$1,650 and 7.4% more than the state average of
$1,380.
Can I afford Severance?
To live comfortably in Severance (zip 80546), Colorado, a minimum annual income of
$95,400 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Severance?
The cost of living in 80546 Severance, CO is quite reasonable. The overall cost of living index for the area is 86.6, which is 14.4% lower than the national average and 4.3% lower than the Colorado average. Housing costs are particularly affordable compared to other areas in Colorado, with an average home costing around $265,000 and the median rent coming in at $1,281 per month. Residents also benefit from low utility bills, with electricity averaging just 11 cents per kWh and natural gas averaging around $1.28 per therm. With a variety of restaurants offering a range of prices and plenty of shopping opportunities nearby, living expenses in Severance are low for both locals and visitors alike.