Cedaredge, CO vs Cripple Creek, CO

Cedaredge, CO and Cripple Creek, CO have a very similar cost of living, with only a 1.9% difference in their overall index. Cedaredge scores 89 while Cripple Creek scores 87 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 Cedaredge is $1,106/month compared to $1,078/month in Cripple Creek — a 3% difference. Interestingly, home values tell a different story: while Cripple Creek has cheaper rent, Cedaredge actually has lower median home values ($240,300 vs $244,600).

Median household income in Cedaredge is $41,944 compared to $39,198 in Cripple Creek (+7%). While Cedaredge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cedaredge spend roughly 31.6% of their income on rent, less than the 33% in Cripple Creek. The Cedaredge ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.