Durango - Cost of living Downtown Durango, CO - Restaurants, Bars, Shopping Tucked away in the beautiful San Juan Mountains, Durango, Colorado is a town that calls to you with amazing views, a lively art scene, and a laid-back mountain way of life. But before you pack your bags and head for the peaks, it's crucial to understand the cost of living in this charming mountain town. Here's a comprehensive breakdown to help you make informed decisions: Housing: A Mountain Premium Median Home Price: As of April 2024, Zillow reports a median home price in Durango of around $659,000, significantly higher than the national average. This reflects the strong demand for property in Durango and limited available land. Opens in a new windowwww.jamesedition.com Luxury homes for sale in Durango, Colorado | JamesEdition Rent: Apartments offer a more affordable entry point, but be prepared for higher-than-average rents. A one-bedroom apartment can cost around $1,830 per month, according to HomesDurango for Sale. Rents can vary depending on size, location, and amenities. Utilities: A Mountain Tax Slightly Above Average: Heating your mountain cabin might cost a bit more than usual. Utility bills in Durango are a little higher than the average across the United States, with a cost index of 102.8. (This info comes from Durango Homes for Sale.)This includes electricity, heating (especially important in winter!), cooling, water, and garbage collection. Expect to pay around $175 per month on utilities. Internet: Staying connected in the mountains comes at a cost. Internet service averages around $60 per month. Groceries: A Mountain Markup Slightly Higher Than National Average: Stock your pantry for mountain adventures, but be prepared for slightly higher grocery bills. 24/7 Wall St. reports groceries costing about 8% more than the national average. Transportation: Gearing Up for the Drive Car-Dependent: Durango is a car-dependent city. Owning and maintaining a vehicle is an essential cost factor. Gas prices can fluctuate, so factor this into your budget. Public Transportation: Limited public transportation options exist, making a car necessary for most errands and activities. Other Expenses to Consider Dining Out: The cost of dining out varies depending on the type of restaurant. Durango offers a range of options, from casual cafes to upscale establishments. Taxes: Colorado has a state income tax of 4.55%. Local sales taxes can vary depending on the specific location within Durango. Finding the Right Fit While the cost of living in Durango might be higher than in some areas, the unique lifestyle and breathtaking scenery can be worth it for many. Here are some resources to help you with further research: Cost of Living Calculators: Websites like Numbeo (https://www.numbeo.com/cost-of-living/in/Durango-CO-United-States) allow you to compare the cost of living in Durango to your current city. Local Resources: The City of Durango website (https://www.durangoco.gov/) might have information on utility costs and other living expenses. Remember: Hidden Costs: Factor in potential hidden costs like winter gear, outdoor equipment rentals, and increased fuel usage due to mountain driving. Lifestyle Trade-offs: Living in a stunning mountain town often comes with a higher cost of living. By carefully considering these details and researching further, you can determine if the charm and adventure of Durango outweigh the cost of living. So, breathe in the fresh mountain air, weigh the expenses, and decide if Durango is your perfect mountain escape! You can visit our website for more information on Colorado Real Estate: https://www.destinationdro.com/

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