The 2023 Ford Ranger is cheaper than the 2023 Chevrolet Colorado. The Ford Ranger starts at around $29,000 MSRP while the Chevrolet Colorado starts around $30,700. The Ford Ranger’s top tier trim starts at around $37,000 while the Colorado’s top tier trim starts around $48,000. The Ford Ranger is definitely the more cost effective of the two options and enables you to find and build out your mid size truck more than the Chevrolet Colorado would, as you could save potentially thousands of dollars by going with the Ranger.
The Chevrolet Colorado does have one thing the Ford Ranger does not, and that is a heavier duty engine, which is why it has more trims, and upper trims have such a higher price tag.