Gilcrest, CO vs Platteville, CO

Gilcrest, CO and Platteville, CO have a very similar cost of living, with only a 0.3% difference in their overall index. Gilcrest scores 115 while Platteville scores 115 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Gilcrest is $1,900/month compared to $1,669/month in Platteville — a 14% difference. Interestingly, home values tell a different story: while Platteville has cheaper rent, Gilcrest actually has lower median home values ($287,000 vs $376,600).

Median household income in Gilcrest is $66,771 compared to $87,642 in Platteville (-23.8%). While Platteville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gilcrest spend roughly 34.1% of their income on rent, more than the 22.9% in Platteville. The Platteville ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.