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, DC162.611.6127.5
Seattle, WA154.8111.1136.9
Boston, MA150.0121.8130.3
Los Angeles, CA148.2109.6109.8
Portland, OR131.088.0112.8
Chicago, IL123.293.0112.4
Denver, CO113.281.0108.8
Reno, NV111.882.3111.0
Dallas, TX105.4105.8105.9
Las Vegas, NV*103.895.795.2
Salt Lake City, UT102.889.7104.2
NATIONAL AVERAGE100.0100.0100.0
Spokane, WA99.091.1100.2
COLORADO SPRINGS, CO98.889.899.2
Phoenix, AZ97.4111.295.7
Boise, ID97.287.499.9
Albuquerque, NM96.993.798.6
Raleigh, NC91.593.094.1
Source: C2ER - COLI 2018 Annual Average; *Source: C2ER COLI - 3rd Quarter 2018
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Housing Cost Comparison

 House
Price
Washington, DC$933,450
Los Angeles, CA809,182
Seattle, WA725,929
Boston, MA663,942
Portland, OR549,357
Chicago, IL500,332
Denver, CO489,272
Las Vegas, NV*442,000
Reno, NV407,087
Spokane, WA365,615
Salt Lake City, UT361,743
NATIONAL AVERAGE347,825
Dallas, TX327,946
COLORADO SPRINGS, CO323,230
Boise, ID320,087
Phoenix, AZ319,590
Albuquerque, NM315,185
Raleigh, NC268,630
Source: C2ER - COLI 2018 Annual Average; *Source: C2ER - COLI 3rd 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$3,437
Washington, DC2,985
Los Angeles, CA2,805
Seattle, WA2,585
Portland, OR2,437
Chicago, IL2,047
Dallas, TX1,618
Denver, CO1,446
Phoenix, AZ1,297
Raleigh, NC1,297
Las Vegas, NV1,270
COLORADO SPRINGS, CO1,269
Salt Lake City, UT1,261
Reno, NV1,237
NATIONAL AVERAGE1,146
Boise, ID1,112
Albuquerque, NM*963
Spokane, WA891
Source: C2ER - COLI 1st Quarter 2019; *Source: 2018 Annual Average

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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