Cost of Living in Thornton, CO
Housing
The housing market plays a significant role in determining the cost of living in Thornton, CO.
- Housing Index: 121.1 / 100
- Median Home Price is: $483,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Analyzing the housing data for Thornton, CO, we see a housing index of 121.1, indicating it’s a more expensive area relative to the national average. The median home price stands at 483000, signaling a competitive market for buyers. Renting remains a viable alternative, with average monthly rents of 1707 for a 2-bedroom apartment and 1855 for a 2-bedroom house, both reflecting regional property value trends. Buyers and renters alike must weigh their options; consider additional factors such as local amenities, job market conditions, and community atmosphere to inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Thornton, 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 Thornton, 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 Thornton is a financially viable option for your relocation.