Elizabeth, CO vs Otis, CO

The cost of living difference between Elizabeth, CO and Otis, CO is dramatic. Otis is 60.8% cheaper than Elizabeth, a gap that translates to thousands of dollars per year in household expenses. Elizabeth has a cost index of 120 while Otis sits at 74, 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 Elizabeth is $1,526/month compared to $875/month in Otis — a 74% difference. Home values follow the same pattern: Otis is more affordable at $151,400 median vs $444,000.

Median household income in Elizabeth is $110,227 compared to $52,237 in Otis (+111%). While Elizabeth is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elizabeth spend roughly 16.6% of their income on rent, less than the 20.1% in Otis.