Ellicott, CO vs Florence, CO

Ellicott, CO and Florence, CO have a very similar cost of living, with only a 2.9% difference in their overall index. Ellicott scores 77 while Florence scores 75 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.

Renters will find that Ellicott has a median rent of $597/month while Florence comes in at $694/month, a 14% difference.

Median household income in Ellicott is $55,822 compared to $57,239 in Florence (-2.5%). Florence offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ellicott spend roughly 12.8% of their income on rent, less than the 14.5% in Florence.