Central, CO vs Elizabeth, CO

Central, CO and Elizabeth, CO have a very similar cost of living, with only a 3.7% difference in their overall index. Central scores 115 while Elizabeth scores 120 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 Central is $1,604/month compared to $1,526/month in Elizabeth — a 5% difference. Interestingly, home values tell a different story: while Elizabeth has cheaper rent, Central actually has lower median home values ($379,400 vs $444,000).

Median household income in Central is $62,094 compared to $110,227 in Elizabeth (-43.7%). While Elizabeth is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Central spend roughly 31% of their income on rent, more than the 16.6% in Elizabeth. The Elizabeth ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.