Grand Lake, CO vs Hugo, CO

Grand Lake, CO and Hugo, CO have a very similar cost of living, with only a 4.2% difference in their overall index. Grand Lake scores 89 while Hugo scores 86 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 Grand Lake is $810/month compared to $1,008/month in Hugo — a 20% difference. Interestingly, home values tell a different story: while Grand Lake has cheaper rent, Hugo actually has lower median home values ($241,200 vs $358,300).

Median household income in Grand Lake is $100,625 compared to $47,222 in Hugo (+113.1%). While Grand Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Grand Lake spend roughly 9.7% of their income on rent, less than the 25.6% in Hugo.