Cost of Living in Westminster, CO
Housing
The housing market plays a significant role in determining the cost of living in Westminster, CO.
- Housing Index: 121.1 / 100
- Median Home Price is: $485,000
- Average Rent (2 BR Apartment): $2043 per month
- Average Rent (2 BR House): $2221 per month
Considering moving to Westminster, CO? With a housing index of 121.1, the real estate market here presents notable insights. The median home price stands at 485000, suggesting a favorable investment opportunity compared to other regions. However, it is critical to keep in mind that the average rent for a 2-bedroom apartment and house is currently unavailable, which may indicate a scarcity in rental inventory or market fluctuations. Therefore, thorough research into local amenities, community trends, and potential growth opportunities becomes essential in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Westminster, 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 Westminster, 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 Westminster is a financially viable option for your relocation.