Edwards, CO vs Montrose, CO

The cost of living difference between Edwards, CO and Montrose, CO is dramatic. Montrose is 55.8% cheaper than Edwards, a gap that translates to thousands of dollars per year in household expenses. Edwards has a cost index of 154 while Montrose sits at 99, 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 $1,117/month in Montrose — a 69% difference. Home values follow the same pattern: Montrose is more affordable at $359,000 median vs $747,700.

Median household income in Edwards is $90,735 compared to $63,177 in Montrose (+43.6%). 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 21.2% in Montrose.