Cost Of Living & Real Estate
According to BestPlaces.net, Grand Junction is 24.9% less expensive. For example, A salary of $250,000 in Denver, Colorado could decrease to $187,793 in Grand Junction, Colorado to maintain the same buying power. However, most income structures tend to be more competitive as you move outside of larger, over-doctored metros.
The median home value in Grand Junction is $318,200 compared to $534,100 in Denver (40.4% less in Grand Junction).
Grand Junction home values have gone up 8.2% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Grand Junction is $175, which is lower than the Grand Junction Metro average of $179. The median price of homes currently listed in Grand Junction is $299,895 while the median price of homes that sold is $274,200. The median rent price in Grand Junction is $1,300, which is the same as the Grand Junction Metro median of $1,300.
Another unique quality to Grand Junction as a community compared to Denver, is that it actually gets less snowfall annually since it sits at a lower elevation. This also allows Grand Junction to be a rich-agricultural area and why they have fresh, local produce and world-renowned wine.
