City of Creede, CO vs Hugo, CO

City of Creede, CO and Hugo, CO have a very similar cost of living, with only a 4% difference in their overall index. City of Creede scores 89 while Hugo scores 86 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 City of Creede is $920/month compared to $1,008/month in Hugo — a 9% difference. Interestingly, home values tell a different story: while City of Creede has cheaper rent, Hugo actually has lower median home values ($241,200 vs $315,400).

Median household income in City of Creede is $49,375 compared to $47,222 in Hugo (+4.6%). While City of Creede is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of City of Creede spend roughly 22.4% of their income on rent, less than the 25.6% in Hugo.