Cost of Living in Durango, CO
Housing
The housing market plays a significant role in determining the cost of living in Durango, CO.
- Housing Index: 121.1 / 100
- Median Home Price is: $526,000
- Average Rent (2 BR Apartment): $1887 per month
- Average Rent (2 BR House): $2052 per month
Considering a move to Durango, CO? With a housing index of 121.1, it indicates a moderately competitive market. The median home price stands at 526000, suggesting that homeownership can be a prevalent choice for many residents. Renting options average at 1887 for a 2BR apartment and 2052 for a 2BR house. It's crucial to weigh these costs against your budget and lifestyle needs. Keep in mind, this area may offer amenities and community features that could enhance your living experience, making the investment worthwhile.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Durango, 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 Durango, 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 Durango is a financially viable option for your relocation.