Elizabeth, CO vs New Castle, CO

Elizabeth, CO and New Castle, CO have a very similar cost of living, with only a 4.2% difference in their overall index. Elizabeth scores 120 while New Castle scores 125 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 Elizabeth is $1,526/month compared to $1,627/month in New Castle — a 6% difference. Home values follow the same pattern: Elizabeth is more affordable at $444,000 median vs $488,600.

Median household income in Elizabeth is $110,227 compared to $88,421 in New Castle (+24.7%). 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 Elizabeth spend roughly 16.6% of their income on rent, less than the 22.1% in New Castle.