Cost of Living in Colorado Springs, CO
Colorado Springs's cost of living index is 103 — making it 2.9% more expensive than the US national average. To maintain your current standard of living here, you would need to earn $103,000 for every $100,000 of national-average income.
The Colorado Springs Tax & Cost Impact
Colorado Springs offers a balanced tax profile. While Colorado does have an income tax, it remains competitive compared to coastal hubs, especially when adjusted for local housing costs.
Decision Matrix
- ✓Housing: Housing is a value-play compared to national tiers.
- ✓Savings Rate: To save $2,000/mo here, you need a gross household income of ~$86,520.
COL Index
103
100 = national avg
Monthly Budget
$5,150
vs $5,000 national
Population
0.5M
Metro area
State Tax
Yes
Colorado
Monthly Cost Breakdown
Estimated monthly costs in Colorado Springs vs national average for a typical household.
| Category | National Avg | Colorado Springs | Difference |
|---|---|---|---|
| Housing | $1,650 | $1,724 | +$74 |
| Groceries | $650 | $666 | +$16 |
| Transportation | $800 | $822 | +$22 |
| Healthcare | $400 | $408 | +$8 |
| Utilities | $300 | $309 | +$9 |
| Other | $1,200 | $1,229 | +$29 |
| Total | $5,000 | $5,150 | +$150 |
Salary Equivalent
To maintain the same standard of living in Colorado Springs, a national-average salary translates to:
$50,000 nationally
$51,500
$75,000 nationally
$77,250
$100,000 nationally
$103,000
$150,000 nationally
$154,500
What Your Salary Gets You in Colorado Springs
Here's how different salary levels translate to monthly purchasing power in Colorado Springs, CO, where the cost of living is 3% above the national average.
Cities With Similar Cost of Living
FAQ: Cost of Living in Colorado Springs
Is Colorado Springs expensive to live in?
Colorado Springs's cost of living index is 103, which is slightly above the national average of 100. Housing is typically the biggest factor, with estimated monthly rent around $1,700.
What salary do I need to live comfortably in Colorado Springs?
To maintain a middle-class lifestyle in Colorado Springs, you'd need approximately $77,250 per year, which is equivalent to a $75,000 salary at the national average cost of living.
How does Colorado Springs compare to other cities?
Colorado Springs is comparable in cost to Phoenix, Mesa, Raleigh. More affordable alternatives include Indianapolis, San Antonio, Louisville.