Craig, CO vs Sherrelwood, CO

There is a significant gap in the cost of living between these two cities. Craig is 26.4% cheaper than Sherrelwood. With a cost index of 88 vs 120, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Craig to Sherrelwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Craig is $1,060/month compared to $1,627/month in Sherrelwood — a 35% difference. Home values follow the same pattern: Craig is more affordable at $252,900 median vs $412,200.

Median household income in Craig is $69,256 compared to $73,849 in Sherrelwood (-6.2%). Sherrelwood does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Craig spend roughly 18.4% of their income on rent, less than the 26.4% in Sherrelwood.