Otis, CO vs Parachute, CO

Otis is moderately more affordable than Parachute, with a 13.8% lower cost of living index. Otis scores 74 compared to 86 for Parachute, where the US average is 100. This difference means residents of Parachute can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Otis is $875/month compared to $1,050/month in Parachute — a 17% difference. Home values follow the same pattern: Otis is more affordable at $151,400 median vs $269,500.

Median household income in Otis is $52,237 compared to $58,910 in Parachute (-11.3%). The higher salaries in Parachute partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Otis spend roughly 20.1% of their income on rent, less than the 21.4% in Parachute.