Fairmount, CO vs Lafayette, CO

There is a significant gap in the cost of living between these two cities. Lafayette is 17.4% cheaper than Fairmount. With a cost index of 150 vs 176, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lafayette to Fairmount should plan for substantially higher expenses across most categories.

On the housing front, median rent in Fairmount is $2,505/month compared to $2,042/month in Lafayette — a 23% difference. Home values follow the same pattern: Lafayette is more affordable at $647,600 median vs $772,600.

Median household income in Fairmount is $163,785 compared to $110,431 in Lafayette (+48.3%). 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, less than the 22.2% in Lafayette.