Durango, CO vs Severance, CO

Durango, CO and Severance, CO have a very similar cost of living, with only a 3.9% difference in their overall index. Durango scores 133 while Severance scores 138 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Durango is $1,562/month compared to $2,108/month in Severance — a 26% difference. Interestingly, home values tell a different story: while Durango has cheaper rent, Severance actually has lower median home values ($493,800 vs $609,700).

Median household income in Durango is $79,545 compared to $127,257 in Severance (-37.5%). While Severance is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Durango spend roughly 23.6% of their income on rent, more than the 19.9% in Severance.