Cost of living in Colorado Springs: rent, homes and salary
In 2024, BEA put the regional price parity (RPP) at 100.7 for the metro area of Colorado Springs, CO, with the US at 100 and housing alone at 116.2. That leaves the cost of living in Colorado Springs 0.7% above the US average.
- Level of prices
- 100.7US = 100, BEA 2024
- Price level for housing
- 116.2, for rents, with US = 100.
Cost of living index for Colorado Springs
A regional price parity measures one place's cost for the same basket of goods and services against the US average, where the US equals 100. Colorado Springs belongs to the Colorado Springs, CO metro area, which BEA prices as one whole. Utilities sit furthest from the US average, at 83.2, or 16.8% below the US.
| Price level, US = 100 | Colorado Springs, CO metro | Colorado | Metro against the US |
|---|---|---|---|
| All items | 100.7 | 103.1 | +0.7% |
| Goods | 96.1 | 98.7 | −3.9% |
| Housing (rents) | 116.2 | 127.4 | +16.2% |
| Utilities | 83.2 | 85.0 | −16.8% |
| Other services | 99.8 | 99.6 | −0.2% |
U.S. Bureau of Economic Analysis, 2024 regional price parities broken out by metro area and state. BEA parity data
Colorado Springs rent
The Zillow Observed Rent Index (ZORI) puts the typical asking rent in Colorado Springs at $1,717 a month. It tracks rent on homes listed now, and the yearly change is +2.6%. In the US, that figure is $1,932. Census reports median gross rent of $1,699, a number that includes every renting household, not just new leases. Twelve months of asking rent equals 25% of the median household income.
| Rent | Colorado Springs | United States |
|---|---|---|
| Typical asking rent, Zillow ZORI | $1,717 | $1,932 |
| Asking rent, 12-month change | +2.6% | |
| Median gross rent, Census ACS 2024 | $1,699 | $1,487 |
| Asking rent for a year, share of median income | 25% | 28% |
One-year estimates: Census Bureau American Community Survey 2024. Zillow Observed Rent Index.
Colorado Springs home prices
In September 2026, the Zillow Home Value Index (ZHVI) put the value of a typical home in Colorado Springs at $439,542. The index tracks the value of a home sitting in the middle of the market. Over a year, the change is −1.5%, while the US figure is $366,157. The price comes to 5.3 years of median household income, while the US figure is 4.5.
| Home prices | Colorado Springs | United States |
|---|---|---|
| Typical home value, September 2026 | $439,542 | $366,157 |
| 12-month change | −1.5% | +1.2% |
| 10-year change | +72.5% | +77.4% |
| Price to income (years of median income) | 5.3 | 4.5 |
| Price to rent (years of asking rent) | 21.3 | 15.8 |
Days on market, a forecast, and the price chart since 2000: Colorado Springs housing market.
The salary you need to live in Colorado Springs
Two things decide the Colorado Springs salary that buys what your pay buys now: the place you live and what you earn.
- Moving away from
- Salary
The method, plus each city side by side: city cost of living comparison.
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Colorado Springs cost of living compared with other cities
| City | Level of prices | Housing | The typical rent | Typical value of a home |
|---|---|---|---|---|
| Colorado Springs | 100.7 | 116.2 | $1,717 | $439,542 |
| Denver | 105.8 | 146.9 | $1,855 | $520,947 |
| Boulder | 105.2 | 157.0 | $2,435 | $937,901 |
| New York City | 112.6 | 148.6 | $4,089 | $825,854 |
| Los Angeles | 113.6 | 170.4 | $2,772 | $927,891 |
| Chicago | 103.6 | 112.0 | $2,311 | $334,108 |
| Houston | 98.6 | 104.5 | $1,544 | $259,465 |
| Phoenix | 103.3 | 121.2 | $1,571 | $404,067 |
| Philadelphia | 102.6 | 113.1 | $1,757 | $231,584 |
Price levels use BEA regional price parities 2024, where US = 100. Rent comes from Zillow ZORI. Home value comes from Zillow ZHVI, September 2026.
All cities ranked: cost of living comparison, city by city. Every state: state cost of living.