BirdhunterAg13 said:
Each time I glance at this thread it makes me want to move to Colorado more everyday. How's the cost of living around Colorado Springs?
Hop on zillow and look around for home prices, but I'd imagine they are a bit lower than Denver. Denver is a very hot market now, so they've gone way up, maybe much more than Texas has, (I don't know)
But when we moved here 4 years ago, I feel the housing prices were not much different than Houston. We paid ~$140/sf out in the 'far out' burbs (which are much closer than Katy/Cypress/Woodlands are to Houston) for a new build after all of our options, base price was $115/sf. Now, it's valued at about $200/sf. My house is 20 miles to downtown, and we are about as far out south as you get. If I lived another 10 miles south, I'd be closer to CO springs.
Property tax is rock bottom. I pay about $3800-$4000 I think, on a $500k+ home. Our first year it was like $3100 (home was $380ish). You have to throw these numbers in excel to get a real comparison with TX. That prop tax break equates to your money going much much further here.
State income tax is 4.6% fixed of AGI, not your gross.
Vehicle reg. is based on value and age of vehicle, and a new $50k vehicle will come with a hefty $1000 registration price.
It dwindles down as vehicle ages, if your car is 3-6 years old or so, it will likely be $200-$400.
Commodities seem the same. Gasoline is maybe 10% higher.
Utilities seem much lower (well, the mild weather means you don't use it as much). We cool and heat our 4000 sf home for $2000 a year, and we have it running way more than we need to. Many homes don't even have AC. A swamp cooler or attic fan does the trick for the most part.
My math may throw you off if you're paying attention. We have a 2700sf finished home with 1300sf basement. Unfinished basement is not included in $/sf, but it is conditioned space so it's included in my utility comparison.
We can finish the 1300sf basement for $20-$40/sf, so huge bang for you buck when you've 'run out of space' or feel you need to upsize. It will be so nice in 4-5 years when if we're feeling cramped, we can drop $40k and get another bedroom/bathroom, media room, large wet bar/kitchenette, and still have 300sf of storage space which is used now.