Ouray, CO vs Romeo, CO

The cost of living difference between Ouray, CO and Romeo, CO is dramatic. Romeo is 67.9% cheaper than Ouray, a gap that translates to thousands of dollars per year in household expenses. Ouray has a cost index of 110 while Romeo sits at 65, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Ouray is $962/month compared to $680/month in Romeo — a 42% difference. Home values follow the same pattern: Romeo is more affordable at $112,500 median vs $549,200.

Median household income in Ouray is $76,458 compared to $42,188 in Romeo (+81.2%). While Ouray is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ouray spend roughly 15.1% of their income on rent, less than the 19.3% in Romeo.