Monte Vista, CO vs Parachute, CO

There is a significant gap in the cost of living between these two cities. Monte Vista is 16.4% cheaper than Parachute. With a cost index of 72 vs 86, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monte Vista to Parachute should plan for substantially higher expenses across most categories.

On the housing front, median rent in Monte Vista is $657/month compared to $1,050/month in Parachute — a 37% difference. Home values follow the same pattern: Monte Vista is more affordable at $204,500 median vs $269,500.

Median household income in Monte Vista is $49,339 compared to $58,910 in Parachute (-16.2%). The higher salaries in Parachute partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Monte Vista spend roughly 16% of their income on rent, less than the 21.4% in Parachute.