Colorado Springs, CO Cost Of Living
Cost Of Living In Colorado Springs, CO Summary
Cost of living in Colorado Springs research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Colorado Springs is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Colorado Springs is 118, with 100 being the average.
The cost of living index in Colorado Springs is 1.2x higher than the national average.
Colorado Springs ranks as the #38 cheapest in Colorado out of 113.
Colorado Springs ranks as the #4,280 cheapest out of 6,489 in the US.
The median home value in Colorado Springs is $448,632.
The median income in Colorado Springs is $83,198.
Table Of Contents
Colorado Springs's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Colorado Springs, CO?
According to the most recent data on the cost of living, Colorado Springs has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to Colorado, Colorado Springs has a cost of living index that's 1.1x higher than Colorado's index of 111.
The standard of living in Colorado Springs ranks as #38 most affordable out of the 113 places we measured in Colorado. By definition, that implies Colorado Springs ranks as the #75 most expensive place in the Centennial State.
For more reading on life in Colorado Springs, check out:
In Colorado
In America
Colorado Springs Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Colorado Springs. Here is how it fairs on each of the criteria:
The Services index in Colorado Springs is 112.
The Groceries index in Colorado Springs is 102.
The Health index in Colorado Springs is 103.
The Housing index in Colorado Springs is 147.
The Transportation index in Colorado Springs is 103.
The Utilities index in Colorado Springs is 100.
| Living Expense | Colorado Springs | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 118 | 111 | 100 | |
| Services | 112 | 102 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 103 | 101 | 100 | |
| Housing | 147 | 134 | 100 | |
| Transportation | 103 | 107 | 100 | |
| Utilities | 100 | 89 | 100 | |
Colorado Springs, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Colorado Springs is $448,632.
The Median Rent in Colorado Springs is $1,562.
The Median Income in Colorado Springs is $83,198.
The Home Value To Income in Colorado Springs is 5.4x.
The Rent To Monthly Income in Colorado Springs is 0.23x.
| Statistic | Colorado Springs | Colorado | United States |
|---|---|---|---|
| Median Home Value | $448,632 | $540,183 | $303,400 |
| Median Rent | $1,562 | $1,693 | $1,348 |
| Median Income | $83,198 | $92,470 | $78,538 |
| Home Value To Income | 5.4x | 5.8x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Colorado Springs, CO Costs By Category
Detailed Colorado Springs Services Costs Vs. Colorado
| Item | Colorado Springs | Colorado |
|---|---|---|
| Shampoo | $1.29 | $1.28 |
| Movie | $11.74 | $12.13 |
| Bowling | $18.6 | $18 |
| Haircut | $33.33 | $24.26 |
| Beauty Salon | $47.14 | $45.56 |
Detailed Colorado Springs Groceries Costs Vs. Colorado
| Item | Colorado Springs | Colorado |
|---|---|---|
| Ground Beef | $5.52 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.69 | $4.67 |
| Potatoes | $4.14 | $4.93 |
| Pizza | $12.36 | $12.09 |
| Beer | $10.75 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Colorado Springs Health Costs Vs. Colorado
| Item | Colorado Springs | Colorado |
|---|---|---|
| Optometrist | $115.89 | $125.68 |
| Doctor | $148.28 | $135.78 |
| Dentist | $118.46 | $113.29 |
Detailed Colorado Springs Transportation Costs Vs. Colorado
| Item | Colorado Springs | Colorado |
|---|---|---|
| Gasoline | $3.64 | $3.46 |
| Tire Balancing | $60.47 | $59.92 |
Detailed Colorado Springs Utilities Costs Vs. Colorado
| Item | Colorado Springs | Colorado |
|---|---|---|
| All Electricity | $191.51 | $193.99 |
| Phone | $189.92 | $192.25 |
Colorado Springs SnackAbility
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Cost Of Living In Cities Around Colorado Springs
The cost of living varies in the cities and towns around Colorado Springs. Here's a quick look at the cost of living in the most populous nearby places:
Security-Widefield, CO has a cost of living index of 113, 1.0x Colorado Springs.
Fountain, CO has a cost of living index of 116, 1.0x Colorado Springs.
Cimarron Hills, CO has a cost of living index of 110, 0.9x Colorado Springs.
| City | Population | Cost Of Living | Vs. Colorado Springs |
|---|---|---|---|
| Security-Widefield, CO | 38,659 | 113 | 1.0x |
| Fountain, CO | 29,327 | 116 | 1.0x |
| Cimarron Hills, CO | 18,808 | 110 | 0.9x |
| Fort Carson, CO | 18,447 | 126 | 1.1x |
| Black Forest, CO | 14,658 | 167 | 1.4x |
| Monument, CO | 11,035 | 136 | 1.2x |
| Woodmoor, CO | 8,819 | 151 | 1.3x |
| Woodland Park, CO | 7,909 | 126 | 1.1x |
| Air Force Academy, CO | 6,701 | 130 | 1.1x |
| Stratmoor, CO | 6,396 | 104 | 0.9x |
