Cost of Living in Longmont, CO
Housing
The housing market plays a significant role in determining the cost of living in Longmont, CO.
- Housing Index: 125.0 / 100
- Median Home Price is: $579,000
- Average Rent (2 BR Apartment): $1756 per month
- Average Rent (2 BR House): $1909 per month
When considering a move to Longmont, CO, the housing index of 125.0 indicates a housing market relatively above the national average, which can imply higher demand. The median home price of 579000 suggests a significant investment, while the average rent for a 2-bedroom apartment at 1756 and for a house at 1909 signals a competitive rental market. This may attract those looking for longer-term stability but could deter first-time buyers. It’s essential to weigh job opportunities and lifestyle preferences alongside these financial factors before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Longmont, 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 Longmont, 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 Longmont is a financially viable option for your relocation.