Cost of Living: Gooding, ID vs Colorado springs, CO

Housing

The housing market plays a significant role in determining the cost of living.

Metric Gooding Colorado springs
Housing Index 85.0 110.0
Median Home Price $303,000 $499,000
Average Rent (2 BR Apartment) $800 $1700
Average Rent (2 BR House) $850 $1750

Housing Comparison: Gooding vs Colorado springs

  • The median home price in Colorado springs is higher at $499,000, compared to $303,000 in Gooding.
  • Renting a two-bedroom apartment costs more in Gooding at $800 than in Colorado springs at $1,700.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Gooding Colorado springs
Electricity Price $12.28 $15.21
Natural Gas Price $9.87 $11.3
Other Utilities $200 $250

Utilities Comparison: Gooding vs Colorado springs

  • Colorado springs has higher electricity costs at $15.21 per kWh, versus $12.28 in Gooding.
  • Natural gas is more expensive in Gooding at $9.87 per unit, while it is cheaper at $11.3 in Colorado springs.
  • Colorado springs has higher utility expenses, averaging $250, while Gooding averages $200.