Edwards, CO vs Lafayette, CO

Edwards, CO and Lafayette, CO have a very similar cost of living, with only a 2.5% difference in their overall index. Edwards scores 154 while Lafayette scores 150 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 Edwards is $1,885/month compared to $2,042/month in Lafayette — a 8% difference. Interestingly, home values tell a different story: while Edwards has cheaper rent, Lafayette actually has lower median home values ($647,600 vs $747,700).

Median household income in Edwards is $90,735 compared to $110,431 in Lafayette (-17.8%). Lafayette offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Edwards spend roughly 24.9% of their income on rent, more than the 22.2% in Lafayette.