Cost of Living in Denver, CO

Housing

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

• Housing Index: 115.0 / 100
• Median Home Price is: $631000
• Average Rent (2 BR Apartment): $2400 per month
• Average Rent (2 BR House): $2480 per month

Considering a move to Denver, CO? The housing index stands at 115.0, indicating that the cost of living may be higher than many areas. With a median home price of 631000, purchasing a home here is a significant investment. For renters, the average rent for a 2-bedroom apartment is 2400 and for a house, it's slightly higher at 2480. This data suggests that while the housing market is competitive, the area's amenities, job opportunities, and lifestyle factors should also be weighed in your decision-making process.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Denver, 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 Denver, 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: 110.3

Median Income

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

• Median Income: $85853

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 Denver, 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.