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With inflation constantly looming over the heads of Americans, people are looking to save money when making big lifestyle choices. For those moving or thinking about buying a new home, affordability is usually at the top of mind. Better cost of living, cheaper transportation expenses, and lower utility bills are great motivations for moving to a different area. Cheaper doesn't always mean better. Sometimes these locations lack amenities, job opportunities, and other appealing attributes to attract new residents. As a result, most people settle for places that strike a balance or suit their preferences.
HomeSnacks released its list of the most affordable places to live in every state. According to the website, Federal Heights is the cheapest place to live in Colorado!
Located in Adams County, over 14,000 people call this Denver suburb home. Analysts said the median income is $56,316. The median home price is $401,479, and the median rent is $1,516. While the website rated Federal Heights pretty low, they detailed some of the perks of living there:
"Federal Heights is the most affordable place in CO. Housing costs are competitive within the Denver-Aurora-Lakewood metro area, with a median home value of $401,479. Located within striking distance of Denver, Federal Heights has an overall cost of living that is 24.1% lower than the state average. If you’re looking for cheap things to do in Federal Heights, you should check out Camenisch Park and Water World to fill up the weekend."
Here are the Top 10 cheapest places to live in Colorado for 2024:
- Federal Heights
- Lamar
- La Junta
- Fort Morgan
- Sterling
- Pueblo
- Alamosa
- Trinidad
- Brush
- Cortez