Cost of Living in Colquitt, GA
Housing
The housing market plays a significant role in determining the cost of living in Colquitt, GA.
- Housing Index: 75.0 / 100
- Median Home Price is: $176,800
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Colquitt, GA? With a housing index of 75.0, the area shows reasonable affordability compared to national averages. The median home price of 176800 presents a mid-range opportunity for buyers, while both average rents for a 2-bedroom apartment and house are at 1200. This dual rental pricing suggests a stable rental market, but prospective renters and buyers should analyze local amenities and job growth to ensure a well-rounded decision. The current economic trends indicate an increase in demand for housing, a factor worth considering.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Colquitt, GA.
- Electricity Price: $15.53 USD (median by state)
- Natural Gas Price: $27.53 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Colquitt, GA could entail higher utility costs. Electricity costs sit at $15.53, while natural gas is priced at $27.53 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 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 Colquitt is a financially viable option for your relocation.