Cost of Living in Silverthorne, CO
Housing
The housing market plays a significant role in determining the cost of living in Silverthorne, CO.
- Housing Index: 140.0 / 100
- Median Home Price is: $707,000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2250 per month
Considering the data for Silverthorne, CO, the housing index of 140.0 indicates a relatively high cost of living when compared to other regions. With a median home price at 707000, purchasing may be challenging for many families. The average rent for a 2-bedroom apartment is pegged at 2400 while a 2-bedroom house costs around 2250, hinting at competitive rental prices. It's worth noting that although the upfront costs are significant, in-demand locations often see substantial appreciation in property value, making eventual home ownership potentially a rewarding investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Silverthorne, 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.): $250 per month
Living in Silverthorne, 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 $250 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 Silverthorne is a financially viable option for your relocation.