Hugo, CO vs Palisade, CO

Hugo is moderately more affordable than Palisade, with a 5.8% lower cost of living index. Hugo scores 86 compared to 91 for Palisade, where the US average is 100. This difference means residents of Palisade can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hugo is $1,008/month compared to $1,136/month in Palisade — a 11% difference. Home values follow the same pattern: Hugo is more affordable at $241,200 median vs $295,200.

Median household income in Hugo is $47,222 compared to $61,655 in Palisade (-23.4%). While Palisade is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hugo spend roughly 25.6% of their income on rent, more than the 22.1% in Palisade.