Alma, CO vs Montezuma, CO

There is a significant gap in the cost of living between these two cities. Alma is 16.7% cheaper than Montezuma. With a cost index of 131 vs 157, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alma to Montezuma should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alma is $2,083/month compared to $1,667/month in Montezuma — a 25% difference. Interestingly, home values tell a different story: while Montezuma has cheaper rent, Alma actually has lower median home values ($370,000 vs $861,100).

Median household income in Alma is $52,727 compared to $127,083 in Montezuma (-58.5%). While Montezuma is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alma spend roughly 47.4% of their income on rent, more than the 15.7% in Montezuma. The Montezuma ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.