Louisville, CO vs Severance, CO

There is a significant gap in the cost of living between these two cities. Severance is 20.4% cheaper than Louisville. With a cost index of 138 vs 166, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Severance to Louisville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Louisville is $2,069/month compared to $2,108/month in Severance — a 2% difference. Interestingly, home values tell a different story: while Louisville has cheaper rent, Severance actually has lower median home values ($493,800 vs $835,000).

Median household income in Louisville is $149,159 compared to $127,257 in Severance (+17.2%). The higher salaries in Louisville partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Louisville spend roughly 16.6% of their income on rent, less than the 19.9% in Severance.