Housing costs in Ridgway?
A typical home costs
$831,900, which is 146.1% more expensive than the national average of
$338,100 and 57.8% more expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Ridgway costs
$1,480 per month, which is 3.5% more than the national average of
$1,430 and 11.5% cheaper than the state average of
$1,650.
Can I afford Ridgway?
To live comfortably in Ridgway (zip 81432), Colorado, a minimum annual income of
$159,480 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Ridgway?
The cost of living in 81432 Ridgway, CO is relatively low compared to other areas in the state. The median home value in the area is $253,400, which is significantly lower than the statewide median of $337,600. Additionally, the average rent price of a single family home is just over $1,000 per month which also allows for residents to have more disposable income. Utility costs such as electricity and water are also quite low compared to other cities and towns throughout Colorado. Despite being a small town with limited dining and shopping options, residents can still live comfortably with very low costs associated with everyday living expenses.