Edgewater, CO vs Elizabeth, CO

Elizabeth is moderately more affordable than Edgewater, with a 9.4% lower cost of living index. Edgewater scores 131 compared to 120 for Elizabeth, where the US average is 100. This difference means residents of Edgewater can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Edgewater is $1,468/month compared to $1,526/month in Elizabeth — a 4% difference. Interestingly, home values tell a different story: while Edgewater has cheaper rent, Elizabeth actually has lower median home values ($444,000 vs $603,400).

Median household income in Edgewater is $74,320 compared to $110,227 in Elizabeth (-32.6%). Elizabeth offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Edgewater spend roughly 23.7% of their income on rent, more than the 16.6% in Elizabeth.