Cost of Living in Colorado Springs, CO
Population 483,099 · Colorado · Data vintage 2023
(100 = US avg)
Most of Colorado Springs's cost indicators track within a reasonable band of national figures, with median household incomes near $83,198 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Colorado Springs
The median home value in Colorado Springs is $420,700 — 38% above the national median of $305,000. Median rent runs $1,562/month, 19% higher than the national median of $1,314/month. The median household income of $83,198/year is 12% higher than the US median of $74,580. The local unemployment rate is 5.5%, above 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, Colorado Springs has a cost of living index of 130 versus the US average of 100, meaning it is 30% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Colorado Springs, CO?
Colorado Springs has a cost index of 130 (100 = national average). It is 30% above the national average.
What is average rent in Colorado Springs, CO?
The median gross rent in Colorado Springs is $1,562 per month based on 2023 Census data.
What is the average home price in Colorado Springs?
The median home value in Colorado Springs is $420,700 according to Zillow and Census data.
What is the median income in Colorado Springs?
The median household income in Colorado Springs is $83,198 per year (2023 ACS 5-year estimates).
What is the sales tax in Colorado Springs, CO?
The combined state and local sales tax rate in Colorado Springs is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Colorado Springs, CO affordable?
Colorado Springs is above average in cost of living, with an index of 130 — about 30% higher than the national average.
Colorado Springs at a Glance
- Population
- 483,099
- Median Income
- $83,198
- Home Value
- $420,700
- Median Rent
- $1,562/mo
- Unemployment
- 5.5%
- Sales Tax
- 7.8%
Nearby Cities
Compare Colorado Springs
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