Gilcrest, CO vs Palisade, CO

There is a significant gap in the cost of living between these two cities. Palisade is 26.2% cheaper than Gilcrest. With a cost index of 91 vs 115, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Palisade to Gilcrest should plan for substantially higher expenses across most categories.

On the housing front, median rent in Gilcrest is $1,900/month compared to $1,136/month in Palisade — a 67% difference. Interestingly, home values tell a different story: while Palisade has cheaper rent, Gilcrest actually has lower median home values ($287,000 vs $295,200).

Median household income in Gilcrest is $66,771 compared to $61,655 in Palisade (+8.3%). Gilcrest does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Gilcrest spend roughly 34.1% of their income on rent, more than the 22.1% in Palisade. The Palisade ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.