Cost of Living in Colo, IA
Housing
The housing market plays a significant role in determining the cost of living in Colo, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Considering the current housing data for Colo, IA, the housing index sits at 94.2, indicating a potential lack of affordability compared to more competitive markets. The median home price is moderately set at 200000, which may attract first-time homebuyers. However, with average rent prices for both a 2BR apartment and a house being at 1132 and 1230 respectively, it suggests limited rental options. It's essential to consider the overall cost of living and local amenities before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Colo, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Colo, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 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 Colo is a financially viable option for your relocation.