Cost of Living in Fort morgan, CO
Housing
The housing market plays a significant role in determining the cost of living in Fort morgan, CO.
- Housing Index: 85.0 / 100
- Median Home Price is: $308,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
Considering relocating to Fort morgan, CO? With a housing index of 85.0, it's slightly below the national average, making it a potentially affordable choice. The median home price of 308000 suggests that buying might be a viable option compared to renting. However, average rents for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1240 indicate that living as a tenant could bring additional expenses. Be mindful of local amenities and employment opportunities as they can significantly impact your overall living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort morgan, 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 Fort morgan, 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 Fort morgan is a financially viable option for your relocation.