Edwards, CO vs Florence, CO

The cost of living difference between Edwards, CO and Florence, CO is dramatic. Florence is 104.6% cheaper than Edwards, a gap that translates to thousands of dollars per year in household expenses. Edwards has a cost index of 154 while Florence sits at 75, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Edwards is $1,885/month compared to $694/month in Florence — a 172% difference. Home values follow the same pattern: Florence is more affordable at $228,300 median vs $747,700.

Median household income in Edwards is $90,735 compared to $57,239 in Florence (+58.5%). The higher salaries in Edwards partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Edwards spend roughly 24.9% of their income on rent, more than the 14.5% in Florence.