Downieville-Lawson-Dumont, CO vs Ridgway, CO
There is a significant gap in the cost of living between these two cities. Downieville-Lawson-Dumont is 18.7% cheaper than Ridgway. With a cost index of 107 vs 132, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Downieville-Lawson-Dumont to Ridgway should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Downieville-Lawson-Dumont are $366,000 compared to $677,700 in Ridgway, a 46% gap.
Median household income in Downieville-Lawson-Dumont is $68,214 compared to $88,218 in Ridgway (-22.7%). While Ridgway is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.
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