Cost of Living in Severance
Where the West Begins · Colorado's fastest-growing small town
Housing Market
- Median Home Price
- $497K–$520K
- Data Year
- 2026
- Year-over-Year Change
- +3–5%
- Avg Days on Market
- 30–45
Tax Rates
- Property Tax Rate
- ~0.55% + metro districts
- Sales Tax Rate
- 6.4% (Weld County advantage)
- Cost of Living vs National
- ~5% above national average
Monthly Costs
- Water Provider
- Town of Severance
- Electric & Gas
- Xcel Energy
- Internet Providers
- Comcast/Xfinity, Allo fiber (expanding)
Income & Cost Context
- Median Household Income
- $95,000
- Cost of Living Index
- ~5% above national average
- Avg Childcare Cost
- $1,100–$1,400
FAQ — Severance
What is the median home price in Severance?
The median home price in Severance ranges from $497K to $520K as of 2026 (Redfin ~$497K, Zillow ZHVI ~$520K). Year-over-year prices have increased 3–5%, with homes averaging 30–45 days on market. HOA fees of $150–$250/mo and metro district fees of $150–$350/mo are universal in new construction. The population has tripled in 5 years, with new construction from the mid-$400Ks.
What is the cost of living in Severance?
The cost of living in Severance is approximately 5% above the national average. The property tax rate is ~0.55% plus metro district overlays. The combined sales tax rate is 6.4%, benefiting from Weld County’s lower tax structure. The median household income is $95,000. Metro district fees in new developments can add $150–$350/mo to housing costs.