Housing costs in Silverton?
A typical home costs
$442,400, which is 30.8% more expensive than the national average of
$338,100 and 16.1% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Silverton costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 83.3% cheaper than the state average of
$1,650.
Can I afford Silverton?
To live comfortably in Silverton (zip 81433), Colorado, a minimum annual income of
$84,600 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Silverton?
Silverton, CO is known for being an affordable place to live, with a cost of living that is 3% lower than the national average. The median home value in Silverton is $235,800, which is 13% higher than the Colorado average and 39% higher than the national average. The median household income is $40,964 and the average rent per month is around $735. The area also offers a variety of grocery stores and restaurants at prices much lower than the national average. Additionally, utilities such as electricity and water are much cheaper in Silverton than other areas in Colorado due to its cooler climate. All of these factors contribute to a cost of living that makes Silverton an attractive place for people looking to save money while still enjoying all that Colorado has to offer.