Cost of Living in Centennial, CO
Housing
The housing market plays a significant role in determining the cost of living in Centennial, CO.
- Housing Index: 121.1 / 100
- Median Home Price is: $539,000
- Average Rent (2 BR Apartment): $2279 per month
- Average Rent (2 BR House): $2478 per month
In Centennial, CO, the current housing index indicates a baseline of 121.1, suggesting a neutral market despite the significant median home price of 539000. With current rent values for a 2-bedroom apartment and house at 2279 and 2478 respectively, potential residents may find the cost conducive to homeownership rather than renting. It's vital to consider local economic factors and quality of life developments in decision-making, as housing prices may vary widely based on neighborhood, amenities, and future growth prospects.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Centennial, 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.): $246 per month
Living in Centennial, 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 $246 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 Centennial is a financially viable option for your relocation.