The 10 Most Affordable Places With High Salaries and Low Cost of Living in the West

The Western United States has a well-earned reputation for being expensive. While salaries are high, so is the cost of living, so it doesn't score as well as other regions for affordability.

There are some exceptions, though, including cities with cheaper costs of living and places where wages are high enough to balance out the cost of living there. Here are the 10 most affordable cities in the West, as well as its cheapest and most expensive cities overall.

A note on methodology:

• The estimated cost of living in each city is calculated by multiplying the city's cost-of-living index score by the median annual household expenditure across the United States. This number is an estimate of median expenditures per household in the city.
• The estimated income-to-expense ratio is calculated by dividing the median household income in the city by the cost-of-living estimate for the city. A higher estimated income-to-expense ratio score means the city is more affordable, as the median household income there is above the cost-of-living estimate.
• Cities with a cost-of-living value 10% or more over the national average are excluded from consideration.

The 10 most affordable places to live in the Western United States

1. Denver, CO

• Estimated income-to-expense ratio: 1.19
• Cost-of-living estimate: $79,242
• Median household income: $94,157
• Cost-of-living index: 108.6

Major metropolises usually aren't the most affordable places to live, but Denver is an exception. The most affordable city in the West, Denver's cost of living is 8% above the national average, but the median household income is 15% more than the national median. High housing costs -- 23% above average -- are largely responsible for the relatively high cost of living.

For those with stable income, Denver has a lot to offer. The city boasts easy access to world class skiing, hiking, and other outdoor recreation in the Rockies. With all its bars, restaurants, parks, and other activities, you'll never run out of things to do or places to see. It's considered one of the best cities in the country for young professionals, with a median age of 35, and it's also great for sports fans. You can catch a Broncos game at Mile High Stadium or see the Nuggets during basketball season.

2. Sandoval County, NM

• Estimated income-to-expense ratio: 1.18
• Cost-of-living estimate: $69,538
• Median household income: $82,026
• Cost-of-living index: 95.3

Just north of Albuquerque and squarely in its metro area, Sandoval County is the second-most affordable urban area in the West. Overall, the cost of living there is five points below the national average while the median household income is in line with the national benchmark. Rio Ranch is the largest city in Sandoval county.

The population in the area has exploded since the 80s, growing from roughly 35,000 to nearly 150,000 in 2020. Intel operates one of the biggest semiconductor manufacturing facilities in the world in Rio Rancho and is a major employer in the city. Healthcare, retail, and education are other major industries.

(Editor's note: The data set we obtained from the Council for Community and Economic Research cited “Sandoval-Rio Rancho” as the urban area instead of the city of Rio Rancho like they’ve done in the past, so that is why there is a county listed here instead of a city.)

3. Surprise, AZ

• Estimated income-to-expense ratio: 1.13
• Cost-of-living estimate: $79,521
• Median household income: $89,560
• Cost-of-living index: 102.9

Located 35 miles northwest of Phoenix, Surprise is the third-most affordable city in the west. The cost of living there is slightly above the national average, yet the median household income is 10% higher than the national median.

Utilities are responsible for driving the cost of living up while housing and healthcare are below the national average, per the Council for Economic and Community Research.

Surprise is ideal for those with an active lifestyle. There are plenty of recreation opportunities in the city. The median age is 41 and the population and residents' income are on the rise. Retail, healthcare, and education are the largest industries in the city.

4. Colorado Springs, CO

• Estimated income-to-expense ratio: 1.12
• Cost-of-living estimate: $74,353
• Median household income: $83,215
• Cost-of-living index: 101.9

Perched at 6,035 feet, Colorado Springs, the fourth-most affordable city in the West, is also known as "Olympic City," because it's home to the U.S. Olympic and Paralympic Training Center. Fortunately, there are things to do there besides training for the Olympics. It has a diverse mix of restaurants and plenty of outdoor attractions, including Garden of the Gods, a national landmark with stunning red sandstone formations.

Colorado Springs also has highly rated public schools, so it's one of the best affordable cities to raise a family. The median age is 35.1, and the cost of living is 2% above the national average.

The median income balances that out, as it's 2% higher than the national median.

5. Boise, ID

• Estimated income-to-expense ratio: 1.09
• Cost-of-living estimate: $74,499
• Median household income: $81,308
• Cost-of-living index: 102.1

Boise is the fifth-most affordable city in the West. The capital of Idaho, Boise's median household income and the cost of living there are about in line with the national benchmarks.

Boise is growing and offers a wide range of work, culture, and recreation. It's home to a number of companies, including Albertsons and Lamb Weston. Micron Technology, a semiconductor company, also has operations in the city. The city has a burgeoning music and theater scene, in addition to hiking and biking trails and opportunities for rafting and fishing on the Boise River.

6. Reno, NV

• Estimated income-to-expense ratio: 1.06
• Cost-of-living estimate: $75,886
• Median household income: $80,365
• Cost-of-living index: 104.0

Reno may be more known as a gambling destination than a place to live, but it's among the most affordable cities in the West. Still, the cost of living in Reno is four points above average, while the median household income is a smidge below the national median.

There's more to do in Reno than gamble. The city is close to Lake Tahoe, which boasts a number of ski resorts, hiking, and biking trails. Rafting on the Truckee River is popular in the summer, as well.

7. Casper, WY

• Estimated income-to-expense ratio: 1.04
• Cost-of-living estimate: $66,770
• Median household income: $69,171
• Cost-of-living index: 86.4

Casper, in central Wyoming, is the second-most largest city in Wyoming and seventh-most affordable city in the West. It's a true western town, with a history of cowboys, pioneers, and oil. The cost of living in the city is 14% below average, but the median household income is 15% below the national median.

Casper may appeal to those looking for a calmer lifestyle. The population of the city has stayed roughly even in recent years, while wages have grown. In addition to exploring historic landmarks and museums that evoke the wild west, Casper is also close to hiking, biking, and ski trails. Hunting and fishing are big draws to the area.

8. Cheyenne, WY

• Estimated income-to-expense ratio: 1.03
• Cost-of-living estimate: $72,164
• Median household income: $74,244
• Cost-of-living index: 98.9

The capital of Wyoming, Cheyenne has a cost of living one point below the national average and a median household income nearly in line with the national median, making it among the most affordable places to live in the west.

Cheyenne is ideal for those looking for a smaller city that still has a lot to offer. Its population is around 65,000 with a median age of 38, and the city is not growing at a rapid pace.

A true gem of the west, Cheyenne hosts the largest outdoor rodeo and western festival in the world each year. The city is home to numerous historic buildings and districts, as well as botanical gardens and museums. It's a hiking hub, as well.

9. Phoenix, AZ

• Estimated income-to-expense ratio: 1.03
• Cost-of-living estimate: $77,491
• Median household income: $79,664
• Cost-of-living index: 106.2

The capital of Arizona is the largest city on this list and also one of the largest in the United States. Despite its size, Phoenix has remained fairly affordable. Housing is costly at 16% more than the national average, but the overall cost of living is only 6% above average.

With a median age of 34, Phoenix has a balanced mix of younger adults, professionals at the peaks of their careers, and seniors. It's popular with retirees, although many prefer nearby Surprise. Residents can pamper themselves at the city's luxurious spas and play golf on courses designed by Jack Nicklaus.

10. Great Falls, MT

• Estimated income-to-expense ratio: 0.97
• Cost-of-living estimate: $65,670
• Median household income: $63,934
• Cost-of-living index: 90.0

Situated on the banks of the Missouri River, Great Falls, Montana is the tenth-most affordable city in the West thanks to relatively cheap housing. Although the cost of living is 10% below the national average, the median income in the city is 22% lower than the national median.

Great Falls boasts incredible outdoor recreation, historical significance, and is a center of American Western art. Malmstrom Airforce Base and a Montana Air National Guard base anchor its economy.

Cheapest and most expensive cities in the western United States

According to cost-of-living data from the Council for Community and Economic Research, these are the 10 cheapest and most expensive cities in the Western U.S. to live in based on data from 2024.

A cost-of-living index of 100 represents the nationwide average, with a lower score meaning the cost of living in that city is lower.

These lists are based only on the cost-of-living index, not overall affordability. Affordability is based on the median household income in each city relative to the cost of living there.

Cheapest places to live in the Western U.S.

Most expensive cities in the Western U.S.

Moving to a new city? Here are some resources.

• Best mortgage lenders
• Mortgage calculator
• State-specific mortgage calculators and information
• Best car insurance companies

Other most affordable places to live

• The 10 Most Affordable Cities With High Salaries and Low Cost of Living
• The 10 Most Affordable Cities With High Salaries and Low Cost of Living in the South
• The 10 Most Affordable Cities With High Salaries and Low Cost of Living in the Northeast
• The 10 Most Affordable Cities With High Salaries and Low Cost of Living in the Midwest