Chicago, IL vs Colorado Springs, CO
Cost of living comparison · 2023 Census ACS data
Quick Summary
Colorado Springs is the more expensive housing market by roughly 25%; Colorado Springs earns more at the median (10% higher), partly offsetting the cost difference. Whether that math works depends on what fraction of housing cost a relocating household plans to absorb.
Median Home Value
$315,200 ✓
$420,700
Zillow Home Value
$312,456
$446,132
Median Gross Rent
$1,380/mo ✓
$1,562/mo
Owner Occupied %
45.5%
61.3%
Price-to-Rent Ratio
19.0x
22.4x
Median Household Income
$75,134
$83,198 ✓
Per Capita Income
$48,148
$44,893
Unemployment Rate
7.9%
5.5% ✓
Poverty Rate
16.8%
9.3%
Avg Commute (min)
36.7 min
24.2 min
Drove Alone %
46.0%
71.1%
Public Transit %
19.3%
0.5%
Work From Home %
18.3%
16.1%
State Income Tax
5.0%
4.4%
Total Sales Tax
8.7%
7.8% ✓
Property Tax Rate
2.2%
0.6%
Bachelor's Degree %
24.9%
25.1%
Median Age
35.7
35.6
Avg High Temp
60.3°F
—
Annual Precipitation
34.4"
19"
Chicago, IL 2 wins
- ✓Median Home Value
- ✓Median Gross Rent
Colorado Springs, CO 3 wins
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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