Side-by-side cost of living comparison for 2026
Median Income: $66,579
Population: 478,961
Median Income: $60,931
Population: 1,608,139
When comparing Colorado Springs and Phoenix, the overall cost of living is remarkably similar. Colorado Springs carries a cost index of 102 compared to Phoenix's 100, meaning your dollar stretches 2% further in Phoenix.
Housing is where the most significant gap appears between these two cities. Phoenix has a housing index of 102 compared to Colorado Springs's 108. This 6-point difference translates to substantial monthly savings on rent or mortgage payments in Phoenix.
Colorado Springs is more affordable for: Transportation, Utilities.
Phoenix is more affordable for: Housing, Healthcare, Entertainment, Taxes.
If you earn $60,000 in Colorado Springs, you would need $58,824 in Phoenix to maintain the same standard of living. For a $100,000 salary, the equivalent would be $98,039.
The median household income in Colorado Springs is $66,579 compared to $60,931 in Phoenix. While Colorado Springs has higher incomes, the higher cost of living may offset this advantage.
Safety: Colorado Springs scores 7/10 while Phoenix scores 6/10 in our safety assessment.
Weather: Both cities score similarly for weather at 7/10.
Job Market: Both cities have comparable job markets at 7/10.
Phoenix 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. Colorado Springs may justify its higher costs with unique cultural amenities that many residents find worthwhile.
