Pueblo West is a community full of small-town charm, offering a blend of suburban living and natural beauty. Situated less than 10 miles west of Pueblo, it provides residents a delightful setting, around half an hour from the Rocky Mountains. With its mild and semi-arid climate, characterized by over 300 days of sunshine each year, Pueblo West is an ideal destination for outdoor activities and stunning mountain views.
Whether you seek a peaceful suburban lifestyle or love partaking in outdoor activities, Pueblo West offers a welcoming and fulfilling environment to call home. As you search for homes in the area, planning for the cost of living in Pueblo West, Colorado, is crucial. Aside from the cost of purchasing a home, there are utilities, the cost of food, and the cost of transportation to account for when living in the town.
Cost of purchasing a home in Pueblo West
In Pueblo County, the median price of a home stands at $315,000 as of April 2023. This represents a decline of 1.6% from April 2022, when the median price was $320,000. This data suggests housing prices in Pueblo West, similar to the county, may also be experiencing a slight decrease.
The average sales price in Pueblo County was $318,639 in April 2023, a decrease from the April 2022 average sales price of $328,939. This decline also indicates the housing market is leaning toward buyers, which makes purchasing Pueblo West real estate somewhat more affordable than it was a year ago.
Homebuyers also need to factor in how long homes stay on the market, as this can affect both the selling price and the purchasing process. As of April 2023, homes in Pueblo County remained on the market for 78 days on average, a significant increase from 48 days in April 2022. This longer time on the market could give potential buyers more negotiating power, potentially allowing them to secure better deals.
In addition to the purchase price, homebuyers must account for closing costs. These costs can be quite significant, including loan origination fees, appraisal fees, home inspection fees, and title insurance. The actual costs vary, but it is best to budget between 2% to 5% of the purchase price for closing costs. For example, if you purchase a home at the median price of $315,000 in Pueblo County, you would have to budget between $6,300 and $15,750 for closing costs.
Cost of utilities
Residents of Pueblo West can expect certain costs associated with utilities, including phone service, energy, and internet services. For communication services, phone bills average around $190.03 per month. The price of service varies depending on the plan and provider, as well as your personal usage patterns.
Energy costs average around $176.64 per month, which is determined by using natural gas and electricity. Providers of these services depend on the location within Pueblo West. For natural gas, Colorado Natural Gas primarily serves the north side of Hwy 50, while Xcel Energy covers the south side. Electricity provider San Isabel Electric Association serves residents on the south side of Hwy 50, while Black Hills Energy primarily serves the north side.
Regarding the internet, there are many providers in Pueblo West, including RTC Broadband, SECOM, CenturyLink, Xfinity | Comcast, HughesNet, Viasat, and Rise Broadband. The exact service cost depends on the specific provider and the plan you choose, with prices typically varying based on factors like download and upload speeds, data limits, and if the resident is paying for a service bundle. Satellite providers like HughesNet, Viasat, and Rise Broadband are ideal for more remote areas but may come with higher costs and lower speeds than terrestrial providers.
Cost of food
The cost of groceries in Pueblo West is about 1% higher than the national average, meaning residents can expect to pay slightly more for their food. Several grocery stores are available in Pueblo West for residents' daily needs. Among them are Safeway, King Soopers, and Natural Grocers for those seeking organic and natural foods. For more options, nearby Pueblo has Terry's Natural Market and Gagliano's Italian Market. These specialty stores offer unique and often high-quality items but can carry a higher price tag than conventional grocery stores. The specific cost of groceries largely depends on individual eating habits, preferences, and dietary needs.
Cost of transportation
Like many smaller communities, transportation in Pueblo West leans heavily towards private vehicle use due to the lack of extensive public transportation options. As such, many residents purchase their vehicles for day-to-day transportation. Vehicle maintenance costs include the initial purchase price, maintenance, insurance, and fuel costs. As of 2023, the average cost of gas in Pueblo West is around $3.28 per gallon.
In addition to owning a vehicle, residents may also use ride-sharing services like Uber and Lyft. Lastly, while public transportation options may be limited in Pueblo West, they may still be a viable option for some residents who work or frequently travel to nearby Pueblo. The cost for these services can be lower than owning a vehicle or using ride-sharing services, but the lack of accessibility can be a significant trade-off.
Pueblo West's average salary and education
The population in Pueblo West is 118,711, with an average salary of $24,776.02. Regarding education, Pueblo West has a highly educated populace. Half of the residents hold a Bachelor's degree, while another 41% of the population have an Associate's degree.
Despite a lower average salary, the educational attainment of Pueblo West residents is notably above average. It suggests a population with a considerable capacity for skilled and professional work, potentially attracting businesses and employers to the area. This data also could indicate a popular destination for remote workers.
Ready to find your next home in Pueblo West?
Anyone searching for a home in the Colorado Springs real estate market should work with Pink Realty. Understanding the local market and unwavering commitment to customer satisfaction is vital to Pink Realty as they guide you through your homebuying journey. Overall, Pink Realty recognizes that finding the perfect home is more than just a transaction — it is about discovering a place to create lasting memories. Reach out to Pink Realty today for a seamless and enjoyable homebuying experience.
*Header photo courtesy of Pink Realty
