Cost of living in Centennial
Centennial, Colorado, is a vibrant city known for its suburban charm and proximity to Denver. Understanding the cost of living in Centennial is crucial for anyone considering moving to or residing in this area.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $105.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $16.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer averages $8, imported beer $12, cappuccino $6, and Coke/Pepsi $3.
Grocery Prices
- Milk - Milk is priced at $1.19 per liter.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs $1.65.
- Eggs (Dozen) - A dozen eggs average $3.98.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.09 per kg, while oranges are $3.33 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced at $1.54 per kg, and lettuce costs $2.49 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $8, with a monthly pass priced at $88.
- Fuel (Gasoline) - Gasoline is priced at $0.9 per liter.
- Car Purchase - A new Volkswagen Golf costs approximately $45,660, while a Toyota Corolla is around $22,050.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1850.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1650.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3200.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2500.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3175.35.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2852.44.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost $240 on average.
- Internet - Internet services average $65.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Rent Per Month
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Salaries And Financing
Salaries And Financing
Childcare
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"Key Takeaways"
Centennial offers a suburban lifestyle with relatively high housing costs, especially in the city centre.
Dining out can be expensive, particularly at mid-range restaurants, while grocery prices are moderate.
Transportation costs are significant, with high prices for public transport and fuel.
Utilities and internet services are moderately priced, contributing to the overall cost of living.
Conclusion
The cost of living in Centennial, CO, reflects its appeal as a suburban area close to Denver, with high housing and transportation costs.
While dining and utilities are on the higher side, grocery prices remain reasonable, making it essential to budget carefully.
Potential residents should consider these factors when planning a move to Centennial, balancing the benefits of suburban living with the associated expenses.