Cascade-Chipita Park, CO vs Rico, CO

Cascade-Chipita Park, CO and Rico, CO have a very similar cost of living, with only a 3.2% difference in their overall index. Cascade-Chipita Park scores 128 while Rico scores 132 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 Cascade-Chipita Park is $1,594/month compared to $1,711/month in Rico — a 7% difference. Interestingly, home values tell a different story: while Cascade-Chipita Park has cheaper rent, Rico actually has lower median home values ($545,000 vs $550,700).

Median household income in Cascade-Chipita Park is $115,357 compared to $101,250 in Rico (+13.9%). Cascade-Chipita Park offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cascade-Chipita Park spend roughly 16.6% of their income on rent, less than the 20.3% in Rico.