Cost of Living in Silverton, CO
Housing
The housing market plays a significant role in determining the cost of living in Silverton, CO.
- Housing Index: 121.1 / 100
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): $2126 per month
- Average Rent (2 BR House): $2311 per month
Considering a move to Silverton, CO? With a housing index of 121.1, this area indicates higher housing costs compared to the national average. The median home price stands at 350000, reflecting a substantial investment, while rental options reveal that an average 2BR apartment will set you back about 2126 and a house around 2311. Therefore, it’s advisable to assess your financial readiness and long-term plans, especially if you anticipate rising prices and increased demand. So verify your priorities, whether it’s ownership or renting, before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Silverton, 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 Silverton, 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 Silverton is a financially viable option for your relocation.