Living Here

Cost of Living

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Colorado Springs offers a beautiful natural setting with a Rocky Mountain backdrop and its affordability makes living here the best of both location and value. Consistently falling below the national average for housing, utilities and other cost of living items, the Colorado Springs region gives residents the financial freedom to enjoy an ideally crafted lifestyle, all at a lower cost than other metropolitan areas in Colorado and across the country.

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Cost of Living Index

CityCompositeUtilitiesMisc. Goods
Washington, DC161.0114.3125.8
Seattle, WA153.6109.6136.9
Boston, MA150.4121.3130.9
Los Angeles, CA146.8108.1110.3
Portland, OR129.487.4107.8
Chicago, IL120.892.8110.6
Denver, CO114.379.3111.9
Reno, NV113.783.7112.3
Salt Lake City, UT105.089.4106.3
Las Vegas, NV103.895.795.2
Dallas, TX103.7104.4102.8
NATIONAL AVERAGE100.0100.0100.0
COLORADO SPRINGS, CO99.190.699.2
Spokane, WA99.091.3100.5
Boise, ID97.987.3100.4
Phoenix, AZ97.4110.296.5
Albuquerque, NM*96.492.897.7
Raleigh, NC91.893.996.3
Source: C2ER - COLI 3rd Quarter 2018; *Source: C2ER COLI - 2nd Quarter 2018
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Housing Cost Comparison

 House
Price
Washington, DC$937,500
Los Angeles, CA808,535
Seattle, WA741,428
Boston, MA683,258
Portland, OR567,475
Denver, CO505,485
Chicago, IL503,813
Las Vegas, NV442,000
Reno, NV432,124
Salt Lake City, UT381,241
Spokane, WA371,623
NATIONAL AVERAGE352,330
Dallas, TX337,892
COLORADO SPRINGS, CO328,436
Phoenix, AZ325,725
Boise, ID323,398
Albuquerque, NM*318,218
Raleigh, NC269,562
Source: C2ER - COLI 3rd Quarter 2018; *Source: C2ER - COLI 2nd Quarter 2018
Based on: A newly built home of approximately 2,400 square feet with 3 bedrooms, 2 full baths, living room, dining room, one fireplace, utility room, fully finished basement and attached 2-car garage on 8,000 square foot lot.
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Apartment Cost Comparison

CityMonthly
Rent
Boston, MA$3,096
Washington, DC2,875
Los Angeles, CA2,757
Portland, OR2,658
Seattle, WA2,525
Chicago, IL2,039
Dallas, TX1,491
Denver, CO1,437
Reno, NV1,300
COLORADO SPRINGS, CO1,283
Raleigh, NC1,155
Salt Lake City, UT1,155
Phoenix, AZ1,125
Las Vegas, NV1,120
NATIONAL AVERAGE1,115
Boise, ID1,022
Albuquerque, NM*956
Spokane, WA832
Source: C2ER - COLI 3rd Quarter 2018; *Source: C2ER COLI 2nd Quarter 2018

Based on: An apartment complex built within the past 10 years of approximately 950 square feet with 2-bedrooms, 1½ or 2 full baths. Water and sewer included in rent.
#2
Best Large City for First-Time Home Buyers WalletHub 2018
#5
Best Place to Live U.S. News & World Report 2016
#7
Best Large City for Real Estate Markets Wallet Hub 2016
#7
Low-Tax City SmartAsset 2015
#11
Most Affordable American Cities Forbes 2015

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