Quick facts: Evans, CO

Quick Facts

114.3
Cost of Living
above US average
22,619
Population
20.34
Crime Rate per 1000
below US average
$75,544
Median Income
below US average
$365,000
Median House Price
above US average
$1606.59
Average Rent
above US average
9%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $75,544.

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Income Needed to Buy

βœ— Stretch
$115k/year
Based on $365,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $115k vs median $75,544
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Income Needed to Rent

βœ“ Affordable
$69k/year
Based on $1606.59/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($75,544) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Evans, CO

Evans is a vibrant city located in Weld County, Colorado, situated just northwest of Greeley. With a rich history dating back to the late 19th century, Evans has evolved from a small settlement into a growing community. The city covers approximately 5.2 square miles and boasts a population of around 21,000 residents, making it a suburban area with a family-friendly atmosphere. The city is characterized by its diverse neighborhoods, parks, and recreational opportunities. One of its highlights is the scenic Poudre River, which offers activities such as fishing, hiking, and bird-watching. Evans also has several public parks, including the popular Riverside Park, where locals often gather for picnics and outdoor events. The city is well-connected to the larger metropolitan areas, being just a short drive from Greeley and Fort Collins. This proximity provides residents with easy access to a wide range of shopping, dining, and entertainment options. Evans has a strong sense of community, with various cultural events and festivals throughout the year, making it an ideal place for families and individuals seeking a suburban lifestyle in northern Colorado.

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