Alma, CO vs Oak Creek, CO

There is a significant gap in the cost of living between these two cities. Oak Creek is 28.2% cheaper than Alma. With a cost index of 102 vs 131, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Oak Creek to Alma should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alma is $2,083/month compared to $1,167/month in Oak Creek — a 79% difference. Interestingly, home values tell a different story: while Oak Creek has cheaper rent, Alma actually has lower median home values ($370,000 vs $377,400).

Median household income in Alma is $52,727 compared to $88,512 in Oak Creek (-40.4%). Oak Creek offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alma spend roughly 47.4% of their income on rent, more than the 15.8% in Oak Creek. The Oak Creek ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.