Lamar, CO vs Rangely, CO

Lamar, CO and Rangely, CO have a very similar cost of living, with only a 3.2% difference in their overall index. Lamar scores 72 while Rangely scores 75 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 Lamar is $844/month compared to $774/month in Rangely — a 9% difference. Interestingly, home values tell a different story: while Rangely has cheaper rent, Lamar actually has lower median home values ($137,100 vs $192,200).

Median household income in Lamar is $58,487 compared to $75,044 in Rangely (-22.1%). While Rangely is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lamar spend roughly 17.3% of their income on rent, more than the 12.4% in Rangely.