Basalt, CO has a higher cost of living index compared to the nationwide average of 100. Housing costs are 80% higher, while groceries, utilities, transportation, healthcare, and miscellaneous costs are 10% to 25% higher. Job seekers should consider these factors when evaluating relocation options.
The detailed index reveals specific areas where costs rise above the national average. Housing stands out with an index of 180, signaling that housing expenses are significantly higher. Groceries, transportation, healthcare, and miscellaneous costs also exceed the national average by 10% to 20%. These numbers highlight the need for careful financial planning when moving to Basalt, CO.
The cost of living in Basalt, Colorado, is notably higher than the nationwide average, which is set at 100. Housing costs, for instance, are significantly elevated at 180. This means housing expenses in Basalt are 80% more than the average U.S. cost. This high index could affect those seeking affordable housing, making it a key consideration for relocating families or individuals.
Other expenses also show a considerable difference. For groceries, the cost of living index is 110, indicating a 10% increase over the national average. Transportation costs are 20% higher at 120. Healthcare costs, though slightly elevated at 105, remain more affordable compared to housing and transportation. Utilities and miscellaneous expenses also show modest increases at 95 and 115, respectively. These variations highlight the diverse economic landscape of Basalt, influencing decisions for those moving to or assessing life in the area.
