Collbran, CO vs Elbert, CO

There is a significant gap in the cost of living between these two cities. Collbran is 24.3% cheaper than Elbert. With a cost index of 72 vs 95, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Collbran to Elbert should plan for substantially higher expenses across most categories.

On the housing front, median rent in Collbran is $725/month compared to $1,188/month in Elbert — a 39% difference. Home values follow the same pattern: Collbran is more affordable at $209,100 median vs $263,200.

Median household income in Collbran is $49,375 compared to $56,500 in Elbert (-12.6%). The higher salaries in Elbert partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Collbran spend roughly 17.6% of their income on rent, less than the 25.2% in Elbert.