Durango, Colorado is a community with so much to offer. From fun bars to museums, outdoor activities and engaging community events, Durango is the place to be for having fun with friends and family. If you're moving to the Durango, Colorado area, it's important to know the cost of living. Cost of living includes all the necessities like cost of transportation, housing, food and utilities. Knowing the cost of these basic items can help you decide how much you can expect to spend on a monthly basis, and how much you'll need to earn in order to live a good lifestyle.
What's the General Cost of Living in Durango, CO?
In most cost categories, the cost of living in Durango is not much higher than the rest of the United States. Cost of groceries and utilities are only slightly higher than cost of utilities and groceries in the rest of the nation. In the category of transportation, the cost of transportation is far below the national average. However, the general cost of living in Durango is greatly impacted by the cost of housing. The median cost of a home in Durango is approximately $470,800, whereas the median price of a home in the United States is $231,200.
What's It Like to Work in Durango?
The median household income in Durango is approximately $60,500. The most job opportunities in the area are in accommodation and food services, education and retail.
What's Wonderful About Living in Durango?
Although the cost of living in Durango can be high, the fact that Durango is a destination for people all over the world tells you something about the benefits of living in Durango. There's much to do for everyone. Mountain living comes with outdoor activities, beautiful snowfall, excellent hiking opportunities and perhaps some of the most beautiful sunsets you'll ever see.
People come to Durango for the entertainment and the enjoyment of living in a community just an hour's drive from some of the highest peaks in the United States, and stay for the sense of community and happiness they feel when they're there. The economy in Durango is growing, and the community has a lower unemployment rate than the rest of the United States. If you're looking for a good place to live and work, then Durango is it.
Moving to Durango? Contact a Real Estate Professional
A lot goes into the cost of living in a particular community, including the desirability of the area. In Durango, housing costs are higher than the national average. However, you can make life in Durango more affordable by choosing a home in a price range you can afford. The key to finding a good home for a good price in Durango is working with an experienced real estate professional. Once you've found a home that you want to buy, your real estate agent can help you negotiate the fairest price.