Cost of Living in Golden, CO

Housing

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

• Housing Index: 125.0 / 100
• Median Home Price is: $698000
• Average Rent (2 BR Apartment): $2200 per month
• Average Rent (2 BR House): $2240 per month

In Golden, CO, the housing market reflects a 125.0 index of 125.0, indicating that housing costs are higher than the national average. With a median home price of 698000, prospective buyers should consider the investment potential against average rents—approximately 2200 for a two-bedroom apartment and 2240 for a two-bedroom house. For renters, the costs may be steep, which suggests a strong demand for rental properties. Evaluating these factors alongside your financial readiness will be crucial in making a practical decision about relocating to this area.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Golden, 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 Golden, 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: 115.3

Median Income

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

• Median Income: $90990

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 Golden, 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.