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: $698,000
- Average Rent (2 BR Apartment): $2045 per month
- Average Rent (2 BR House): $2223 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 2045 for a two-bedroom apartment and 2223 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 Golden is a financially viable option for your relocation.