Nothing is cheap these days – including the cost of living.
Those who don’t In fact Living in Colorado might see the state as nothing more than a traveler’s paradise (and perhaps, specifically for those looking to spend a lot of money), but those who live here (or at least, have visited different parts of the state…and I’m speaking outside of Aspen or Denver or *insert a famous mountain city here*) I know Colorado, as a whole, has a lot to offer.
Often people choose to move to a certain area in order to live a certain way; Colorado is unique in that, residents here have the ability to live different types of lifestyles (depending on which part of the state you choose to reside in) – from a small town to a big city, you can make up almost any life you want here… but Can you bear it?
Cost of living in Colorado
according to zomberThe cost of living in Colorado is 21.8% higher than the national average.
Median home prices in Colorado are $600,000 compared to the national average $378,104. Renters in Colorado pay a premium, too; Some may find themselves paying 11% more per month for a two-bedroom apartment than the national average.
Here are some other stats to consider when looking at the cost of living in Colorado, Courtesy of Zumper.
In 2022, the costs in Colorado are:
- 12% higher than the national average overall
- 1.6% below the national average for utilities
- 6.7% higher than the national average for transportation
- Almost the same as the national average for groceries
- 4.2% lower than the national average for healthcare
The thing about living in Colorado is – it’s a big state. As such, the cost of living can vary (and it is), depending on which part of the state you live in…so if you want to live here, you can probably make it work, no matter what the budget.
After all, from no Want to live in beautiful Colorado?
Finding the Most Affordable Places to Live in Colorado in 2022
Main He suggests that in order to determine if you can live in a particular area, you should ask yourself two main questions:
- How much money can I earn?
- How much should I spend to live in the *desired area*?
“For example, if the average family earns $100,000 and spends $40,000 on housing, it is cheaper to live there than a place where the median income is $50,000 and housing costs $21,000. You may spend more on housing, but you have significantly more money.” general play with.”
Various stats have been taken into account after looking at the latest American Census Community Survey 2016-2020whose focus revolves around income and costs.
Statistics Homesnacks took into account when determining the most affordable places to live in Colorado in 2022 include:
- Median home price/median income (where lower is better)
- Average income/median rent (where higher is better)
- Average home price
Final Cost of Living Index (See HomeSnacks Full methodology here) in order to rank all Colorado towns/cities with a population of 5000+.
Then all 80 places were awarded “CheapScore”, with the least expensive place to live in Colorado getting the lowest. The lower the CheapScore price, the more affordable the place you live – and the higher up on the ranking list the city/state is placed.
10 Most Affordable Places to Live in Colorado
according to MainHere are the top 10 most affordable places to live in Colorado in 2022:
See: 10 Most Affordable Places to Live in Colorado
People often choose to move to a certain area in order to live a certain way.
Colorado is unique in that, residents here have the ability to live different types of lifestyles (depending on which part of the state you choose to reside in) – from a small town to a big city, you can make up almost any life you want here… but Can you bear it?
Population of Colorado counties from lowest to highest
Colorado counties big to small
We break down all of Colorado’s counties from largest to smallest based on land size.
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