Cost of Living in Silt, CO
Housing
The housing market plays a significant role in determining the cost of living in Silt, CO.
- Housing Index: 110.0 / 100
- Median Home Price is: $463500
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Considering a move to Silt, CO? With a housing index of 110.0, it indicates a moderately higher demand compared to the national average. The median home price at 463500 suggests a competitive market, typical of urban areas. Average rents are substantial, with 2-bedroom apartments averaging 1800 and 2-bedroom houses at 1840. It's crucial to weigh these housing costs against local income levels and lifestyle choices before making your decision. Bear in mind that investing in home ownership may provide long-term equity benefits in this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Silt, 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 Silt, 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 Silt is a financially viable option for your relocation.