Gunbarrel, CO vs Lafayette, CO

Lafayette is moderately more affordable than Gunbarrel, with a 5.3% lower cost of living index. Gunbarrel scores 158 compared to 150 for Lafayette, where the US average is 100. This difference means residents of Gunbarrel can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gunbarrel is $1,924/month compared to $2,042/month in Lafayette — a 6% difference. Interestingly, home values tell a different story: while Gunbarrel has cheaper rent, Lafayette actually has lower median home values ($647,600 vs $789,200).

Median household income in Gunbarrel is $111,506 compared to $110,431 in Lafayette (+1%). Gunbarrel 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 Gunbarrel spend roughly 20.7% of their income on rent, less than the 22.2% in Lafayette.