Cost of Living in Bailey, CO
Housing
The housing market plays a significant role in determining the cost of living in Bailey, CO.
- Housing Index: 115.0 / 100
- Median Home Price is: $489,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
Based on the data for Bailey, CO, the housing index stands at 115.0, suggesting a competitive market. The median home price of 489000 indicates that purchasing a home may require a higher budget. Meanwhile, the average rent for a 2-bedroom apartment is 1600, while a house will set you back approximately 1640 per month. This suggests renting might be a viable option for those not ready to buy. Consider not only these costs but also local amenities, schools, and transport as you weigh your options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bailey, CO.
- Electricity Price: $15.21 USD (median by state)
- Natural Gas Price: $11.3 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Bailey, CO could entail higher utility costs. Electricity costs sit at $15.21, while natural gas is priced at $11.3 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bailey is a financially viable option for your relocation.