Cost of Living in Colorado Springs, CO
Population 487,887 · Census ACS 2020–2024 5-year estimates
The median rent in Colorado Springs, CO is $1,648/month, 6% lower than the Colorado median and 17% higher than the U.S. median. The median home value is $452,600, 36% higher than the national median. Households earn a median of $84,818 a year, 11% lower than the state median.
Affordability
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Colorado Springs vs. Colorado vs. U.S.
| Colorado Springs | Colorado | U.S. | |
|---|---|---|---|
| Median rent | $1,648 | $1,761 | $1,413 |
| Median home value | $452,600 | $539,400 | $332,700 |
| Median household income | $84,818 | $95,470 | $80,734 |
| Homeownership rate | 60.9% | 66.2% | 65.2% |
| Bachelor's degree or higher | 42.7% | 45.7% | 35.7% |
| Poverty rate | 9.0% | 9.4% | 12.5% |
| Unemployment rate | 5.6% | 4.6% | 5.2% |
| Work from home | 17.6% | 21.0% | 15.1% |
| Median age | 35.7 | 37.7 | 38.9 |
FAQ
What is the average rent in Colorado Springs, CO?
The median gross rent in Colorado Springs, CO is $1,648 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Colorado Springs, CO?
Using the common 30% rule, renting a median-priced home takes about $65,920 a year in gross income.
Is Colorado Springs, CO expensive to live in?
Rent there is 17% higher than the U.S. median, and the median home costs about 5.3 times the median household income.
Other cities in Colorado
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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