Derby, CO vs Sierra Ridge, CO

There is a significant gap in the cost of living between these two cities. Derby is 23.7% cheaper than Sierra Ridge. With a cost index of 115 vs 151, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Derby to Sierra Ridge should plan for substantially higher expenses across most categories.

On the housing front, median rent in Derby is $1,721/month compared to $1,487/month in Sierra Ridge — a 16% difference. Interestingly, home values tell a different story: while Sierra Ridge has cheaper rent, Derby actually has lower median home values ($317,400 vs $840,300).

Median household income in Derby is $78,696 compared to $156,456 in Sierra Ridge (-49.7%). While Sierra Ridge 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 11.4% in Sierra Ridge.