Ellicott, CO vs Penrose, CO

There is a significant gap in the cost of living between these two cities. Ellicott is 21.1% cheaper than Penrose. 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 Penrose should plan for substantially higher expenses across most categories.

Median household income in Ellicott is $55,822 compared to $75,109 in Penrose (-25.7%). While Penrose is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.