Cedaredge, CO vs Gunnison, CO

There is a significant gap in the cost of living between these two cities. Cedaredge is 15.4% cheaper than Gunnison. With a cost index of 89 vs 105, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cedaredge to Gunnison should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cedaredge is $1,106/month compared to $1,120/month in Gunnison — a 1% difference. Home values follow the same pattern: Cedaredge is more affordable at $240,300 median vs $432,200.

Median household income in Cedaredge is $41,944 compared to $55,313 in Gunnison (-24.2%). While Gunnison 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, more than the 24.3% in Gunnison. The Gunnison ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.