According to a survey of utility bills by state, Colorado’s average monthly utility cost is $241, which places it in the middle of the pack.
It isn’t the most costly state for utility costs, but it isn’t the least expensive either.
According to EnergyStar.gov, the average utility cost for a family in the United States is $171.66 a year, or $2,060 annually.
This means Colorado’s utility expenditures are $70 per month higher than the national average. There are a number of reasons why these costs are higher, as well as ways to reduce them.
No central air conditioning
When you move to Colorado, you may be surprised to learn that many homes lack central air conditioning.
As a native Texan, I was taken aback by this. However, after spending my first year in the state, I immediately understood that air conditioning is rarely required.
At reality, we don’t have central air conditioning in our home in Colorado Springs (as is the same with many homes in our neighborhood). We’ve never needed it, to be honest.
Furthermore, many small companies and stores lack central air conditioning.
Colorado is a state that prefers to keep its doors open to the outside and minimize the noise generated by central air conditioning equipment.
Low cost of natural gas
Colorado is the sixth-largest natural gas-producing state in the country, and it ranks among the top five.
This makes it simple for Colorado people to use the natural gas they produce, lowering the exorbitant cost of out-of-state transportation and distribution.
However, with the economy still reeling from 2020 and a probable shortage looming, natural gas (and water!) costs have soared.
Many residences feature gas cooktops and a furnace to keep the house warm in the winter instead of standard electric stoves and central heating.
In fact, natural gas is used as the principal source of home heating in 7 out of 10 houses in the state.
Renewable energy sources
In Colorado, many individuals and businesses are increasing their usage of renewable energy sources.
This could entail having solar panels installed throughout your home or running a business entirely on wind energy (there are approximately 2,000 wind turbines in the state!).
Colorado is the nation’s leader in renewable energy, with our sources having more than doubled since 2010.
In Pueblo, Colorado, what is the average water bill?
The monthly minimum rate of $12.98 will increase by 22 cents to include 2,000 gallons of water (varies by meter size). The average monthly water rate for a residential user will rise $1.67 to $39.80, still the lowest among Colorado’s major front range cities.
In Colorado, how much do utilities generally cost?
Colorado citizens use far less energy than the national average, according to a 2017 data from the US Energy Information Administration (EIA). As a result, the average monthly bill in Colorado is $82.47, which is $29.20 less than the national average of $111.67. Hawaii has the highest monthly bill in the United States, at $149.33. Colorado’s low gas prices are partly to blame for the gap.
How much do utilities cost on a monthly basis in Colorado Springs?
It’s crucial to know how much utilities cost in a given location, especially if you’re attempting to stay to a budget. When a community’s cost of living is higher than the national average, keeping utility prices down becomes a concern. Colorado Springs has developed into a hot real estate market, with prices much exceeding the national average. The cost of utilities is included in these pricing.
Colorado Springs is one of the hottest real estate markets in the country, according to the Gazette. Colorado Springs, which is ranked 12th in the country for home sales speed, is seeing double-digit price rises and bidding wars in some neighborhoods. While this is fantastic for house sellers, many people are finding the expense of living in Colorado Springs to be prohibitive. According to research, Colorado Springs’ rent is about ten percent higher than the national average, with a small two-bedroom apartment costing around $1100 per month and a median home price of over 260K.
Colorado Springs’ utility expenditures are higher than the national average. For a 900 square foot apartment, utilities (including gas, electric, water, and garbage) average roughly $176 per month. When you consider that the average single family house in Colorado Springs is over 2500 square feet, it’s easy to see how utility expenses can quickly become overwhelming. Utilities can also vary dramatically depending on the season. Gas and electric bills can skyrocket during a harsh winter, compared to the calmer summer and autumn months. Your electric and gas expenses may grow considerably more than the average if your home has an old furnace that is working too hard, drafty windows, or insufficient insulation.
When all of these figures are added up, it becomes clear that most people in Colorado Springs, whether they rent or own their house, are living on the edge. In Colorado Springs, the median household income is roughly $54,000 per year. Rent and utilities would take up about a third of this salary, leaving little money for food, transportation, child care, and other necessities.
What is the average Colorado electric bill?
Data on Colorado Customers’ Bills The average electric bill for Xcel Energy residential customers in Colorado is $78.92. According to the 2021 Average Electric Bill pricing statistics from the US Energy Information Administration (EIA) opens in a new window, the national average electric bill is $122.48.
Is living in Pueblo Colorado expensive?
Housing costs in Pueblo are 19 percent lower than the national average, while utility costs are 28 percent lower than the national average. The cost of transportation, such as bus fares and gas costs, is 2% less than the national average. The cost of groceries in Pueblo is 3% less than the national average.
Is Pueblo Colorado an affordable place to visit?
Pueblo is located 112 miles (180 kilometers) south of the Colorado State Capitol in Denver, near the junction of the Arkansas River and Fountain Creek. The area is classified as semi-arid desert land, with annual precipitation averaging 12 inches (304.80 mm). Pueblo receives less snow than the other major towns in Colorado due to its location in the “Banana Belt.”
Pueblo is known as the “Steel City” because it is one of the most important steel-producing cities in the United States. The Historic Arkansas River Project (HARP), located in the Union Avenue Historic Commercial District, is a riverwalk that depicts the devastating Pueblo Flood of 1921.
Pueblo has the cheapest residential real estate of all Colorado’s major cities. As of April 2018, the median home price for properties on the market in Pueblo was $192,500. According to the 2014 Cost of Living Index, it is the sixth most affordable place to live in the United States. Housing, goods and services, utilities, transportation, groceries, and medical care are all less expensive than the national average. In 2013, AARP named Pueblo as one of the most cheap locations to live.
To live in Pueblo, Colorado, how much money do you need?
According to a research by 24/7 Wall St., residents in Pueblo County need only $2,922 per month to maintain a moderate level of life, making it the least costly area to live in Colorado.
The Family Budget Calculator from the Economic Policy Institute was used to calculate the local cost of living, which includes housing, food, health care, transportation, and other requirements. Housing expenditures can account for less than 15% of total living expenses in several of the places studied in the study, which found the region in each state with the lowest cost of living.
Pueblo County had a monthly housing cost of $600. In addition, the region’s typical household income was $44,634.
Is electricity in Colorado expensive?
If you’re one of the many people in the United States considering relocating to Colorado, I’m delighted to provide you with another another reason to do so: our inexpensive power rates. Colorado already has a lengthy list of reasons why people relocate here (excellent quality of life, few bugs, low humidity, low pollution, and more), and now our average power cost is extraordinarily low when compared to other states, according to data recently released by the US Department of Energy.
How low can you go? Colorado is rated 46th out of 50 states in terms of average monthly residential electricity bills, from most costly to least expensive. Only four states have lower electricity costs than the United States. This comes as no surprise to those who already live here: our winters aren’t harsh enough to require constant heating, and our moderate summers don’t necessitate much air conditioning. (In fact, in Colorado, a large number of households do not have air conditioning)! View the graphs below to discover how we compare to the rest of the country.
How much does a typical water bill cost?
The average American family uses 300 gallons of water per day, according to the Environmental Protection Agency (EPA).
16 That’s enough water to fill a six-person hot tub, to put it in context.
Water costs are also on the rise. In fact, between 2010 and 2015, it increased by 41%, with sewage charges and taxes increasing even more substantially. 17 Since 2015, the rate of increase has moderated, although prices have continued to rise.