Cost of Living in Colorado springs, CO
Housing
The housing market plays a significant role in determining the cost of living in Colorado springs, CO.
- Housing Index: 110.0 / 100
- Median Home Price is: $499000
- Average Rent (2 BR Apartment): $1700 per month
- Average Rent (2 BR House): $1750 per month
Considering the housing market in Colorado springs, CO, the current housing index stands at 110.0, indicating a higher-than-average market value. With a median home price of 499000, potential buyers should evaluate their financial readiness, especially as the average rent for a 2-bedroom apartment is 1700 and a house is 1750. Before making the move, also consider local amenities and job opportunities, as they will significantly impact ongoing affordability and lifestyle satisfaction. Analyzing these aspects will support your decision effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Colorado springs, 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 Colorado springs, 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 Colorado springs is a financially viable option for your relocation.