The Truth About Living in Vail or Aspen: A Millionaire’s Dream or a Common Folk’s Nightmare?

Vail and Aspen, two iconic ski towns in Colorado, are often celebrated for their luxury and charm. Yet, for the common folk who are not multi-millionaires, these towns can be a financial and logistical nightmare. In this article, we explore the realities of living in these famous ski towns and the alternatives that might make more sense for those on a budget.

The Cost of Living

The cost of living in Vail and Aspen can be staggering. The high demand for housing, combined with the luxury lifestyle, drives up prices to unimaginable levels. However, for those who are not top-tier earners, there are alternative options available in nearby towns that offer a more affordable and practical living environment.

Leaving Vail and Aspen for Cheaper Alternatives

Many who work in Aspen often choose to live in surrounding towns such as Basalt, Carbondale, or Glenwood Springs. Glenwood Springs, for instance, is approximately a 50-minute commute from Aspen, and the rent is significantly lower than in the more popular ski towns. Not only is the cost of living lower in these areas, but the quality of life is also better. For instance, one can rent a studio in Basalt for around $800 per month, a much more manageable price point compared to the more expensive options in Vail or Aspen.

My Experience in Minturn

I currently reside in Minturn, a small town right outside of Vail. Despite being within the shadow of the famous ski resort, the living expenses are surprisingly lower. In my current accommodation, I pay $800 for a 112-square foot room, which includes a bathroom. While the building may not be the most up-to-date, it’s quiet, mouse-free, and located in a place with a lower cost of living.

Seasonal Challenges

Winter and summer in the ski towns present unique challenges. In the winter, the ski resort is buzzing with tourists, but once snowboarding and skiing season ends, the town can become almost deserted. From mid-April to mid-June, businesses may close down or reduce their hours, making it difficult to maintain a steady income. Similarly, in the summer, the tourist season winds down by September, leading to slower economic activity and fewer job opportunities.

Financial Planning

To mitigate the financial pitfalls of living in a ski town, one must carefully plan their finances. In the winter, it’s crucial to save enough money to get through the off-season. This period is often referred to as the mud season, where the town feels almost empty and the weather is unpredictable. By saving during this period, residents can ensure they have enough funds to cope with the lean months that follow.

Are Vail and Aspen Overrated?

Many people associate Vail and Aspen with top-notch skiing experiences. However, these experiences come at a steep price. For instance, the Epic Pass for Vail and Beaver Creek costs around $1,000, whereas the Epic Local Pass is available for around $700. Even if you want to ski at different resorts like Breckenridge or Keystone, you’ll need to pay for the full season pass. In contrast, places like Copper Mountain, Maryjane, and Arapahoe Basin offer amazing skiing at a fraction of the cost and without the crowds.

Experiences Beyond Vail and Aspen

Living in Vail or Aspen might inflate your living costs, but it doesn’t guarantee the best skiing experience. There are numerous lesser-known ski towns that offer a better value for money. Winter Park, Steamboat, Monarch, Eldora/Nederland, and even some places in New Mexico like Taos and Angel Fire, are excellent alternatives. These towns boast fewer crowds, better vibes, and more manageable prices for those on a budget.

The Verdict

If you’re considering living in a ski town, it’s essential to weigh the costs and benefits carefully. Vail and Aspen certainly offer luxury and prestige, but for those on a budget, the alternatives are often more practical and enjoyable. Whether you’re a skier or a lover of outdoor activities, there are many options that can provide a more harmonious and budget-friendly living experience.

Conclusion

Living in Vail or Aspen is not merely a lifestyle; it’s a significant financial commitment. For the common folk, the alternatives available in nearby towns offer a better balance between cost and quality of life. While Vail and Aspen might be the dream for some, for those who wish to pursue a more affordable and enjoyable living experience, there are many other ski towns waiting to be explored.