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, DC159.0118.1118.0
Seattle, WA156.7108.1136.0
Boston, MA150.1120.6129.1
Los Angeles, CA145.9106.3111.8
Portland, OR134.087.2119.3
Chicago, IL120.092.4109.3
Reno, NV113.686.0107.5
Denver, CO110.880.6106.5
Dallas, TX107.7106.9106.6
Salt Lake City, UT103.387.8103.5
Las Vegas, NV103.198.794.1
COLORADO SPRINGS, CO100.897.3104.0
Spokane, WA100.397.598.6
NATIONAL AVERAGE100.0100.0100.0
Phoenix, AZ98.9109.691.8
Boise, ID98.482.0102.7
Raleigh, NC95.198.3100.8
Albuquerque, NM*93.387.796.5
Source: C2ER - COLI 2019 Annual Average; *Source: C2ER - COLI 2nd Quarter 2019
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Housing Cost Comparison

 House
Price
Washington, DC$1,041,970
Los Angeles, CA816,438
Seattle, WA813,440
Boston, MA716,119
Portland, OR616,272
Chicago, IL517,211
Denver, CO515,298
Reno, NV463,121
Las Vegas, NV447,464
Spokane, WA399,028
Salt Lake City, UT396,378
Dallas, TX389,520
NATIONAL AVERAGE366,058
Boise, ID349,211
COLORADO SPRINGS, CO343,668
Phoenix, AZ334,870
Albuquerque, NM*314,593
Raleigh, NC284,183
Source: C2ER - COLI 2019 Annual Average; *Source: C2ER - COLI 2nd Quarter 2019
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$3,454
Washington, DC3,038
Los Angeles, CA2,800
Seattle, WA2,650
Portland, OR2,542
Chicago, IL2,131
Dallas, TX1,588
Denver, CO1,500
Phoenix, AZ1,424
Raleigh, NC1,322
COLORADO SPRINGS, CO1,310
Salt Lake City, UT1,273
Reno, NV1,243
Las Vegas, NV1,208
NATIONAL AVERAGE1,155
Boise, ID1,131
Albuquerque, NM*947
Spokane, WA918
Source: C2ER - COLI 2019 Annual Average; *Source: C2ER - COLI 2nd Quarter 2019

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
#3
Best Place to Live U.S. News & World Report 2019
#7
Best Large City for Real Estate Markets Wallet Hub 2016
#5
Best City to Find a Job WalletHub 2019
#2
Most Desirable Place to Live for IT Professionals CompTIA 2019
#1 (tie)
Most Desirable Place to Live U.S. News & World Report 2019

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