Cheraw, CO vs Silverton, CO

There is a significant gap in the cost of living between these two cities. Cheraw is 27% cheaper than Silverton. With a cost index of 75 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cheraw to Silverton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cheraw is $1,022/month compared to $1,076/month in Silverton — a 5% difference. Home values follow the same pattern: Cheraw is more affordable at $97,900 median vs $414,700.

Median household income in Cheraw is $38,542 compared to $73,750 in Silverton (-47.7%). While Silverton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheraw spend roughly 31.8% of their income on rent, more than the 17.5% in Silverton. The Silverton ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.