Cost of Living in Colorado Springs, CO

Key Statistics

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Living in Colorado Springs, CO — 2026 Cost of Living Guide

Colorado Springs is above the national average in terms of cost, with an overall cost of living index of 102. This means living in Colorado Springs is approximately 2% more expensive than the national average.

Housing Costs in Colorado Springs

Housing costs are roughly in line with the national average. The housing index for Colorado Springs is 108, which means housing costs are 8% above the national average. This includes both rental prices and home purchase costs in the metropolitan area.

Income and Employment

The median household income in Colorado Springs is $66,579, with a population of approximately 478,961. The median household income is moderate, providing a reasonable standard of living relative to local costs.

The job market in Colorado Springs is solid, with steady growth in several key sectors and reasonable unemployment rates.

Daily Living Expenses

Beyond housing, daily expenses in Colorado Springs are near the national average. Groceries and dining carry an index of 100, while transportation costs sit at 98. Healthcare expenses index at 100, and utilities come in at 88.

Taxes

Taxes in Colorado Springs are roughly average, with a tax index of 95.

Quality of Life

Colorado Springs enjoys generally pleasant weather, with seasonal variations that most residents find manageable.

Colorado Springs ranks as one of the safer major cities, with crime rates below the national average for metropolitan areas of its size.

Is Colorado Springs a Good Place to Live?

Colorado Springs provides a balanced combination of affordability and quality of life that appeals to a wide range of residents. With a good job market and good weather, Colorado Springs continues to attract new residents drawn by the favorable cost of living.

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