Cost of Living in Arvada, CO

Housing

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

• Housing Index: 120.0 / 100
• Median Home Price is: $477000
• Average Rent (2 BR Apartment): $2000 per month
• Average Rent (2 BR House): $2056 per month

If you're considering relocating to Arvada, CO, it's essential to evaluate the housing market. With a housing index of 120.0, this city is slightly above the national average. The median home price of 477000 suggests a competitive real estate market, while the average rents for a 2BR apartment at 2000 and a 2BR house at 2056 indicate significant rental demand. Be mindful of these costs, especially in relation to local income levels and life satisfaction metrics. Thoroughly analyze your budget and lifestyle needs before making your move.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Arvada, 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 Arvada, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $106014

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Arvada, CO, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.