Cost of Living in Craig, CO
Housing
The housing market plays a significant role in determining the cost of living in Craig, CO.
- Housing Index: 121.1 / 100
- Median Home Price is: $300,000
- Average Rent (2 BR Apartment): $2126 per month
- Average Rent (2 BR House): $2311 per month
In Craig, CO, the **housing index** is currently at 121.1, indicating a potentially favorable market for homebuyers. With a **median home price** of 300000, purchasing may be more advantageous compared to renting. However, it’s concerning that the **average rent for a 2BR apartment** and **average rent for a 2BR house** are both at 2126 and 2311 respectively, suggesting limited rental options. Considering these factors, if you’re looking to settle long-term, buying might be a preferable choice in Craig.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Craig, 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 Craig, 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 Craig is a financially viable option for your relocation.