Cost of Living in Commerce city, CO

Housing

The housing market plays a significant role in determining the cost of living in Commerce city, CO.

• Housing Index: 105.0 / 100
• Median Home Price is: $490000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1912 per month

Considering a move to Commerce city, CO? The housing index at 105.0 suggests home prices are slightly above the national average, possibly indicating stable demand. With a median home price of 490000, buying may involve substantial investment, while the average rent for a 2-bedroom apartment at 1800 and for a house at 1912 reflects a competitive rental market. Moving to this area could present opportunities for property appreciation, but preparation for elevated living costs is essential in your decision-making process. Enjoy vibrant community offerings while being mindful of housing affordability.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Commerce city, 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 Commerce city, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 102.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $96484

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Commerce city, CO, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.