Gunnison, CO vs Welby, CO

Gunnison is moderately more affordable than Welby, with a 9% lower cost of living index. Gunnison scores 105 compared to 115 for Welby, where the US average is 100. This difference means residents of Welby can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gunnison is $1,120/month compared to $1,640/month in Welby — a 32% difference. Interestingly, home values tell a different story: while Gunnison has cheaper rent, Welby actually has lower median home values ($347,700 vs $432,200).

Median household income in Gunnison is $55,313 compared to $78,375 in Welby (-29.4%). While Welby is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gunnison spend roughly 24.3% of their income on rent, less than the 25.1% in Welby.