Housing costs in Colorado City?
A typical home costs
$79,400, which is 76.5% less expensive than the national average of
$338,100 and 73.3% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Colorado City costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 75.3% cheaper than the state average of
$1,280.
Can I afford Colorado City?
To live comfortably in Colorado City (zip 79512), Texas, a minimum annual income of
$15,120 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Colorado City?
The cost of living in 79512 Colorado City, TX is relatively low compared to other areas in the state. The median home value is approximately $53,100, which is significantly lower than the national average. The median rental rate for apartments is also quite reasonable at around $543 a month. Property taxes are also on the lower end, with an effective tax rate of just 1.46%. This makes it an attractive place to live if you're looking for affordability and convenience. Groceries are relatively inexpensive as well, with prices being slightly below the national average for most items. All in all, 79512 Colorado City offers a great quality of life at an affordable price.