Cost of Living in Air Force Academy, CO

Population 6,701 · Colorado · Data vintage 2023

169
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Air Force Academy is a smaller Colorado community of around 7000 residents, where median household incomes of $93,889 and housing costs give the local cost-of-living profile a distinctly small-town shape.

Located 10 miles northwest of Colorado Springs, Air Force Academy falls within that metro's commuting orbit. Colorado Springs' typical home runs $421,000 for context.

Cost Overview

Rent 169

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Air Force Academy

Median rent runs $2,223/month, 69% higher than the national median of $1,314/month. The median household income of $93,889/year is 26% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Air Force Academy has a cost of living index of 169 versus the US average of 100, meaning it is 69% more expensive.

🏠 Housing

Median Rent
$2,223/mo
69% above avg
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$884
1 BR
$960
2 BR
$1,251
3 BR
$1,611
4 BR
$2,004
0

💰 Estimated Monthly Budget

Rent median rent
$2,223
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,837/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
13.8 min
49% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
1.1%

Commute Mode

Drove alone
18.6%
Carpooled
2.5%
Walked
77.5%
Work from home
1.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.4%
Total Sales Tax 7.8%
State rate 2.9%
Avg local rate 4.9%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$93,889
26% above avg
Per Capita Income
$20,100
Unemployment Rate
3.5%
27% below avg
Poverty Rate
17.6%
Labor Force Participation
93.0%

🎓 Education

Bachelor's degree+ 16.0%
Graduate degree 19.4%

👥 Demographics

Median Age 20.9
Male median age 21
Female median age 20.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
65.8%
Good air days/yr
154
Max AQI recorded
31
PM2.5 days
334
Ozone days

Frequently Asked Questions

What is the cost of living in Air Force Academy, CO?

Air Force Academy has a cost index of 169 (100 = national average). It is 69% above the national average.

What is average rent in Air Force Academy, CO?

The median gross rent in Air Force Academy is $2,223 per month based on 2023 Census data.

What is the median income in Air Force Academy?

The median household income in Air Force Academy is $93,889 per year (2023 ACS 5-year estimates).

What is the sales tax in Air Force Academy, CO?

The combined state and local sales tax rate in Air Force Academy is 7.8%. The Colorado state income tax top rate is 4.4%.

Is Air Force Academy, CO affordable?

Air Force Academy is above average in cost of living, with an index of 169 — about 69% higher than the national average.