Elizabeth, CO vs Silverton, CO

There is a significant gap in the cost of living between these two cities. Silverton is 17.2% cheaper than Elizabeth. With a cost index of 102 vs 120, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Silverton to Elizabeth should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elizabeth is $1,526/month compared to $1,076/month in Silverton — a 42% difference. Home values follow the same pattern: Silverton is more affordable at $414,700 median vs $444,000.

Median household income in Elizabeth is $110,227 compared to $73,750 in Silverton (+49.5%). 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 17.5% in Silverton.