Derby, CO vs Montrose, CO

There is a significant gap in the cost of living between these two cities. Montrose is 16.6% cheaper than Derby. With a cost index of 99 vs 115, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montrose to Derby should plan for substantially higher expenses across most categories.

On the housing front, median rent in Derby is $1,721/month compared to $1,117/month in Montrose — a 54% difference. Interestingly, home values tell a different story: while Montrose has cheaper rent, Derby actually has lower median home values ($317,400 vs $359,000).

Median household income in Derby is $78,696 compared to $63,177 in Montrose (+24.6%). While Derby is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Derby spend roughly 26.2% of their income on rent, more than the 21.2% in Montrose.