Here’s What Your Money Can Buy in Colorado Right Now
If you’re thinking of making “Colorful Colorado” your new home, count yourself lucky. Thanks to the state’s many national parks, natural wonders and scenic mountains, Colorado is one of the most beautiful places to call home in America. Residents are also able to take advantage of numerous outdoor recreational activities, including skiing, hiking, boating and fishing. The Centennial State is truly a nature-lover’s paradise and an outdoorsman’s dream come true. In addition, the state’s healthy economy, abundance of jobs and many educational opportunities make it a great place for professionals and families. With so many positives, it’s no wonder residents are willing to pay up to live here.
So, how much does it cost to move to Colorado – and live there? According to AreaVibes, the overall cost of living index score for Colorado is 110, which is 10 percent above the national average. This slightly higher cost of living is mostly due to pricey real estate in the state as well as above average costs for goods and services, healthcare and transportation. According to BestPlaces.net, the median home price in Colorado is $384,000, which is well above the national average. However, WalletHub reports that Colorado’s tax burden falls right in the middle (ranking 26 out of 50), making the state about average for overall taxes.
Curious what your money can buy in Colorado towns and cities? While Colorado is considered to be an expensive place to live, there are cities where you can find reasonably priced homes. To help you evaluate how much you can afford, we’ve included housing data from Realtor.com and cost of living data from AreaVibes for 20 of the most popular cities in Colorado to call home. Best of luck and happy moving!