Housing costs in Colorado Springs?
A typical home costs
$365,300, which is 8.0% more expensive than the national average of
$338,100 and 30.7% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Colorado Springs costs
$1,250 per month, which is 24.2% cheaper than the national average of
$1,650 and 18.4% cheaper than the state average of
$1,480.
Can I afford Colorado Springs?
To live comfortably in Colorado Springs (zip 80909), Colorado, a minimum annual income of
$69,840 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Colorado Springs?
The cost of living in 80909 Colorado Springs, CO is relatively affordable compared to other parts of the country. The median home value is around $323,800 and rent prices are also current very reasonable with a median rent price of $1,550 per month. There is no state income tax and overall taxes are lower than other states in the US, which makes it an attractive option for those looking for a new place to live. Groceries and utilities are also reasonably priced with an average cost of groceries at around 11% cheaper than the US national average and utilities costing about 2% below the national average.