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, DC157.4115.2125.3
Seattle, WA152.8127.9136.5
Los Angeles, CA147.098.4109.8
Boston, MA145.7139.9127.0
Portland, OR125.776.8110.7
Chicago, IL123.591.3114.7
Denver, CO112.190.9109.9
Reno, NV110.483.1118.1
Las Vegas, NV102.789.0100.2
Dallas, TX102.0107.0103.5
NATIONAL AVERAGE100.0100.0100.0
Raleigh, NC99.197.099.6
Salt Lake City, UT99.076.0102.5
Spokane, WA96.976.296.9
COLORADO SPRINGS, CO95.475.997.6
Phoenix, AZ95.198.294.6
Albuquerque, NM94.184.596.7
Boise, ID93.585.994.8
Source: C2ER - COLI 3rd Quarter 2017
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Housing Cost Comparison

 House
Price
Washington, DC$912,667
Los Angeles, CA806,908
Seattle, WA682,472
Boston, MA627,881
Portland, OR516,980
Chicago, IL488,675
Denver, CO455,409
Las Vegas, NV383,200
Reno, NV364,990
NATIONAL AVERAGE341,653
Salt Lake City, UT329,207
Phoenix, AZ321,525
Dallas, TX320,688
Albuquerque, NM313,834
Spokane, WA312,865
Boise, ID310,735
COLORADO SPRINGS, CO301,965
Raleigh, NC269,500
Source: C2ER - COLI 3rd Quarter 2017

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$2,776
Los Angeles, CA2,706
Washington, DC2,655
Seattle, WA2,571
Portland, OR2,529
Chicago, IL1,950
Denver, CO1,415
Dallas, TX1,350
COLORADO SPRINGS, CO1,227
Reno, NV1,200
NATIONAL AVERAGE1,071
Las Vegas, NV1,054
Phoenix, AZ1,028
Salt Lake City, UT1,027
Raleigh, NC1,024
Albuquerque, NM955
Boise, ID908
Spokane, WA822
Source: C2ER - COLI 3rd Quarter 2017

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.
Best
Cities for First-Time Homebuyers CNBC 2016
#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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