Fairmount, CO vs Florence, CO

The cost of living difference between Fairmount, CO and Florence, CO is dramatic. Florence is 134.3% cheaper than Fairmount, a gap that translates to thousands of dollars per year in household expenses. Fairmount has a cost index of 176 while Florence sits at 75, 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 Fairmount is $2,505/month compared to $694/month in Florence — a 261% difference. Home values follow the same pattern: Florence is more affordable at $228,300 median vs $772,600.

Median household income in Fairmount is $163,785 compared to $57,239 in Florence (+186.1%). While Fairmount is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairmount spend roughly 18.4% of their income on rent, more than the 14.5% in Florence.