Dillon, CO vs Palmer Lake, CO

There is a significant gap in the cost of living between these two cities. Palmer Lake is 26.2% cheaper than Dillon. With a cost index of 130 vs 164, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Palmer Lake to Dillon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Dillon is $1,682/month compared to $1,913/month in Palmer Lake — a 12% difference. Interestingly, home values tell a different story: while Dillon has cheaper rent, Palmer Lake actually has lower median home values ($454,000 vs $939,400).

Median household income in Dillon is $95,750 compared to $122,855 in Palmer Lake (-22.1%). Palmer Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Dillon spend roughly 21.1% of their income on rent, more than the 18.7% in Palmer Lake.