$50K home repair bill tops $50,000 in Colorado
Cost: $50k to $60kHome repair bill topped $50 million in Colorado last year, with an estimated $60,000 spent in repairs.
Colorado’s home repair industry is expected to generate more than $10 billion in new business this year, according to the state’s Department of Revenue.
Home repairs in Colorado are among the most expensive in the nation, with a median repair cost of $60K, according the Home Construction Association of America.
According to the Association, most repair jobs cost more than the median pay of a $50/hour minimum wage worker.
According in a recent report, the average cost for home repairs in the U.S. is $70,000, but that figure may be higher in Colorado because of the high cost of repairing and replacing damaged homes.
A total of 2,739 home repairs were made in Colorado in 2015, and more than 2.5 million people were impacted by home repairs, according statistics from the Colorado Department of Finance.
The report also revealed that the average repair bill for repairs was $3,636, and the average expense for home maintenance in Colorado was $18,200.