Broomfield, CO vs Lafayette, CO

Broomfield, CO and Lafayette, CO have a very similar cost of living, with only a 1% difference in their overall index. Broomfield scores 152 while Lafayette scores 150 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Broomfield is $2,074/month compared to $2,042/month in Lafayette — a 2% difference. Interestingly, home values tell a different story: while Lafayette has cheaper rent, Broomfield actually has lower median home values ($631,600 vs $647,600).

Median household income in Broomfield is $121,025 compared to $110,431 in Lafayette (+9.6%). While Broomfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Broomfield spend roughly 20.6% of their income on rent, less than the 22.2% in Lafayette.