Bayfield, CO vs Gilcrest, CO

Bayfield is moderately more affordable than Gilcrest, with a 5.9% lower cost of living index. Bayfield scores 108 compared to 115 for Gilcrest, where the US average is 100. This difference means residents of Gilcrest can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bayfield is $1,265/month compared to $1,900/month in Gilcrest — a 33% difference. Interestingly, home values tell a different story: while Bayfield has cheaper rent, Gilcrest actually has lower median home values ($287,000 vs $418,400).

Median household income in Bayfield is $92,821 compared to $66,771 in Gilcrest (+39%). Bayfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bayfield spend roughly 16.4% of their income on rent, less than the 34.1% in Gilcrest. The Bayfield ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.