Cost of Living in Broomfield, CO
Housing
The housing market plays a significant role in determining the cost of living in Broomfield, CO.
- Housing Index: 120.0 / 100
- Median Home Price is: $587,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2350 per month
Considering a move to Broomfield, CO? With a housing index of 120.0, it’s essential to evaluate your budget carefully. The median home price stands at 587000, making home ownership a significant investment. Renting appears to be slightly more affordable with average costs of 2300 for a 2-bedroom apartment and 2350 for a 2-bedroom house. It's worth noting that the housing market is typically competitive here, so understanding the area’s growth potential and local amenities could further inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Broomfield, 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 Broomfield, 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 Broomfield is a financially viable option for your relocation.