Granada, CO vs Paonia, CO

There is a significant gap in the cost of living between these two cities. Granada is 22.6% cheaper than Paonia. With a cost index of 65 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Granada to Paonia should plan for substantially higher expenses across most categories.

On the housing front, median rent in Granada is $713/month compared to $799/month in Paonia — a 11% difference. Home values follow the same pattern: Granada is more affordable at $100,000 median vs $301,300.

Median household income in Granada is $46,685 compared to $52,466 in Paonia (-11%). Paonia 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 Granada spend roughly 18.3% of their income on rent, less than the 18.3% in Paonia.