Cherry Creek, CO vs Lafayette, CO

Lafayette is moderately more affordable than Cherry Creek, with a 11.2% lower cost of living index. Cherry Creek scores 167 compared to 150 for Lafayette, where the US average is 100. This difference means residents of Cherry Creek can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cherry Creek is $1,974/month compared to $2,042/month in Lafayette — a 3% difference. Interestingly, home values tell a different story: while Cherry Creek has cheaper rent, Lafayette actually has lower median home values ($647,600 vs $856,800).

Median household income in Cherry Creek is $147,618 compared to $110,431 in Lafayette (+33.7%). While Cherry Creek 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 22.2% in Lafayette.