Cost of Living in Colchester, VT
Housing
The housing market plays a significant role in determining the cost of living in Colchester, VT.
- Housing Index: Data is updating
- Median Home Price is: $338,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Colchester, VT, the current housing index stands at 0.0, indicating a highly favorable market for potential buyers. With a median home price of 338000, this area presents an accessible opportunity for homeownership compared to many urban counterparts. However, the data shows no average rent for 2BR apartments or houses, suggesting potential lower rental availability, which could benefit those considering long-term residence. It's essential to explore other lifestyle amenities and employment options in Colchester to ensure a well-rounded decision before relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Colchester, VT.
- Electricity Price: $21.91 USD (median by state)
- Natural Gas Price: $18.28 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Colchester, VT could entail higher utility costs. Electricity costs sit at $21.91, while natural gas is priced at $18.28 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 Colchester is a financially viable option for your relocation.