Cost of Living in Colby, WI
Housing
The housing market plays a significant role in determining the cost of living in Colby, WI.
- Housing Index: Data is updating
- Median Home Price is: $178,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Colby, WI? With a median home price of 178000, it presents an attractive buying option, especially for first-time homeowners. However, the zero housing index and lack of rental data suggests either a lack of available properties or market instability, warranting further investigation. If you're thinking longer-term, ensure to assess local economic indicators, amenities, and community services since these factors heavily influence property appreciation. As of 2023, buyers in emerging markets like these may find hidden gems as prices remain competitive but the market's dynamics are crucial to navigate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Colby, WI.
- Electricity Price: $17.6 USD (median by state)
- Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Colby, WI could entail higher utility costs. Electricity costs sit at $17.6, while natural gas is priced at $11.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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 Colby is a financially viable option for your relocation.