Cost of Living in Ignacio, CO
Housing
The housing market plays a significant role in determining the cost of living in Ignacio, CO.
- Housing Index: Data is updating
- Median Home Price is: $289,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering your provided data for Ignacio, CO, the median home price is 289000, which suggests a relatively stable market. However, with a housing index of 0.0 showing no activity (0.0), it indicates potential stagnation in demand. Additionally, the absence of rental prices indicates either limited rental options or a market heavily tilted towards homeownership. If affordability is a concern, understanding the reasons behind the low rental market could provide added insights surrounded by economic factors or local supply. Overall, while homeownership is feasible, further investigation into the area's rental market dynamics is recommended.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ignacio, 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.): Data is updating
Living in Ignacio, 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 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 Ignacio is a financially viable option for your relocation.