Derby, CO vs Inverness, CO

There is a significant gap in the cost of living between these two cities. Derby is 29.9% cheaper than Inverness. With a cost index of 115 vs 164, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Derby to Inverness should plan for substantially higher expenses across most categories.

On the housing front, median rent in Derby is $1,721/month compared to $2,036/month in Inverness — a 16% difference. Home values follow the same pattern: Derby is more affordable at $317,400 median vs $799,600.

Median household income in Derby is $78,696 compared to $104,636 in Inverness (-24.8%). The higher salaries in Inverness partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Derby spend roughly 26.2% of their income on rent, more than the 23.3% in Inverness.