Ellicott, CO vs Lake City, CO

There is a significant gap in the cost of living between these two cities. Ellicott is 21.2% cheaper than Lake City. With a cost index of 77 vs 98, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ellicott to Lake City should plan for substantially higher expenses across most categories.

Renters will find that Ellicott has a median rent of $597/month while Lake City comes in at $965/month, a 38% difference.

Median household income in Ellicott is $55,822 compared to $62,422 in Lake City (-10.6%). The higher salaries in Lake City partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Ellicott spend roughly 12.8% of their income on rent, less than the 18.6% in Lake City.