Cherry Creek, CO vs Erie, CO

Cherry Creek, CO and Erie, CO have a very similar cost of living, with only a 4.1% difference in their overall index. Cherry Creek scores 167 while Erie scores 174 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 Cherry Creek is $1,974/month compared to $2,775/month in Erie — a 29% difference. Interestingly, home values tell a different story: while Cherry Creek has cheaper rent, Erie actually has lower median home values ($685,900 vs $856,800).

Median household income in Cherry Creek is $147,618 compared to $163,644 in Erie (-9.8%). While Erie is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cherry Creek spend roughly 16% of their income on rent, less than the 20.3% in Erie.