Aspen, CO vs Cedaredge, CO

The cost of living difference between Aspen, CO and Cedaredge, CO is dramatic. Cedaredge is 131.9% cheaper than Aspen, a gap that translates to thousands of dollars per year in household expenses. Aspen has a cost index of 206 while Cedaredge sits at 89, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Aspen is $1,897/month compared to $1,106/month in Cedaredge — a 72% difference. Home values follow the same pattern: Cedaredge is more affordable at $240,300 median vs $1,375,000.

Median household income in Aspen is $78,636 compared to $41,944 in Cedaredge (+87.5%). The higher salaries in Aspen partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Aspen spend roughly 28.9% of their income on rent, less than the 31.6% in Cedaredge. The Aspen ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.