Green Mountain Falls, CO vs Idaho Springs, CO

Green Mountain Falls, CO and Idaho Springs, CO have a very similar cost of living, with only a 4.9% difference in their overall index. Green Mountain Falls scores 114 while Idaho Springs scores 108 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 Green Mountain Falls is $1,618/month compared to $1,175/month in Idaho Springs — a 38% difference. Interestingly, home values tell a different story: while Idaho Springs has cheaper rent, Green Mountain Falls actually has lower median home values ($369,000 vs $434,900).

Median household income in Green Mountain Falls is $96,346 compared to $85,450 in Idaho Springs (+12.8%). While Green Mountain Falls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Green Mountain Falls spend roughly 20.2% of their income on rent, more than the 16.5% in Idaho Springs.