Side-by-side cost of living comparison for 2026
Median Income: $66,579
Population: 478,961
Median Income: $75,413
Population: 978,908
When comparing Colorado Springs and Austin, the overall cost of living differs by 5.9%. Austin carries a cost index of 108 compared to Colorado Springs's 102, meaning your dollar stretches 6% further in Colorado Springs.
Housing is where the most significant gap appears between these two cities. Colorado Springs has a housing index of 108 compared to Austin's 120. This 12-point difference translates to substantial monthly savings on rent or mortgage payments in Colorado Springs.
Colorado Springs is more affordable for: Housing, Utilities, Entertainment.
Austin is more affordable for: Healthcare, Taxes.
If you earn $60,000 in Colorado Springs, you would need $63,529 in Austin to maintain the same standard of living. For a $100,000 salary, the equivalent would be $105,882.
The median household income in Colorado Springs is $66,579 compared to $75,413 in Austin. Austin has higher incomes, though the higher cost of living may offset this advantage.
Safety: Colorado Springs scores 7/10 while Austin scores 7/10 in our safety assessment.
Weather: Colorado Springs has an edge in climate with a 7/10 weather score compared to Austin's 6/10.
Job Market: Austin has the stronger job market (9/10) compared to Colorado Springs (7/10).
Colorado Springs is the more affordable option overall, but cost is just one factor in deciding where to live. Consider your career opportunities, family needs, and lifestyle preferences alongside the financial comparison. Austin may justify its higher costs with a thriving job market that many residents find worthwhile.
