The 10 Cheapest Colorado Springs, CO Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Colorado Springs are the cheapest of the cheap.

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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Colorado Springs might be more expensive than living in rural Colorado, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Colorado Springs neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Colorado Springs are the cheapest.

The Cheapest Neighborhoods In Colorado Springs For 2022

  1. Northwest Colorado Springs (Homes)
  2. West Colorado Springs (Homes)
  3. Briargate (Homes)
  4. Powers (Homes)
  5. Southeast Colorado Springs (Homes)

What's the cheapest neighborhood to live in Colorado Springs for 2022? According to the most recent census data, Northwest Colorado Springs looks to be the cheaptest Colorado Springs neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Colorado Springs. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Colorado Springs that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Colorado Springs.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Colorado reading, check out:

The 5 Cheapest Neighborhoods To Live In Colorado Springs For 2022

Overall SnackAbility

8.5
/10

Population: 20,735
Cost Of Living Index: 119 (8th cheapest)
Home Value To Income Ratio: 3.6 (4th cheapest)
Rent To Income Ratio: 0.011 (2nd cheapest)
More on Northwest Colorado Springs: Homes For Sale | Data

Overall SnackAbility

7
/10

Population: 13,407
Cost Of Living Index: 102 (2nd cheapest)
Home Value To Income Ratio: 4.5 (7th cheapest)
Rent To Income Ratio: 0.015 (5th cheapest)
More on West Colorado Springs: Homes For Sale | Data

Briargate Colorado Springs, CO

Overall SnackAbility

8.5
/10

Population: 48,215
Cost Of Living Index: 117 (7th cheapest)
Home Value To Income Ratio: 3.4 (2nd cheapest)
Rent To Income Ratio: 0.016 (6th cheapest)
More on Briargate: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 152,311
Cost Of Living Index: 103 (4th cheapest)
Home Value To Income Ratio: 3.0 (cheapest)
Rent To Income Ratio: 0.018 (10th cheapest)
More on Powers: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 50,481
Cost Of Living Index: 97 (cheapest)
Home Value To Income Ratio: 3.5 (3rd cheapest)
Rent To Income Ratio: 0.021 (11th cheapest)
More on Southeast Colorado Springs: Homes For Sale | Data

Methodology: How We Determined The Cheapest Colorado Springs Hoods In 2022

In order to rank the cheapest places to live in Colorado Springs, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 11 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Colorado Springs." We're lookin' at you, Northwest Colorado Springs.

Read on below to learn more about what it's like to live in the cheapest places Colorado Springs. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Colorado Springs

If you're measuring the neighborhoods in Colorado Springs where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Colorado Springs aren't all cheap. Central Colorado City takes the title of the most expensive neighborhood to live in Colorado Springs.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Colorado reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Colorado Springs For 2022

Rank Neighborhood Cost Of Living Index
1 Northwest Colorado Springs 119
2 West Colorado Springs 102
3 Briargate 117
4 Powers 103
5 Southeast Colorado Springs 97
6 Northeast Colorado Springs 103
7 Northgate 133
8 Old Colorado City 131
9 East Colorado Springs 103
10 Southwest Colorado Springs 142
11 Central Colorado City 111

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Colorado Springs.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.