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, DC155.7114.5122.9
Seattle, WA149.0123.8135.5
Boston, MA148.2141.8130.0
Los Angeles, CA148.0107.1108.9
Portland, OR129.378.4117.8
Chicago, IL123.690.7115.1
Denver, CO112.094.0107.6
Reno, NV106.885.0113.3
Las Vegas, NV102.586.7100.0
Dallas, TX102.1104.8102.5
NATIONAL AVERAGE100.0100.0100.0
Salt Lake City, UT97.175.799.7
Raleigh, NC96.498.0101.3
Spokane, WA96.076.197.7
Phoenix, AZ95.096.693.9
Albuquerque, NM94.984.497.1
Boise, ID92.586.293.6
Source: C2ER - COLI 2017 Annual Average
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Housing Cost Comparison

Washington, DC$877,550
Los Angeles, CA786,269
Seattle, WA649,370
Boston, MA604,205
Portland, OR507,368
Chicago, IL487,764
Denver, CO442,949
Las Vegas, NV375,990
Reno, NV347,722
Spokane, WA329,581
Salt Lake City, UT317,989
Phoenix, AZ317,372
Dallas, TX317,177
Albuquerque, NM314,655
Boise, ID297,092
Raleigh, NC261,414
Source: C2ER - COLI 2017 Annual Average

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

Boston, MA$2,742
Los Angeles, CA2,633
Washington, DC2,505
Portland, OR2,482
Seattle, WA2,366
Chicago, IL1,831
Denver, CO1,414
Dallas, TX1,318
Reno, NV1,164
Las Vegas, NV1,043
Phoenix, AZ1,032
Raleigh, NC1,013
Salt Lake City, UT1,010
Albuquerque, NM968
Boise, ID893
Spokane, WA829
Source: C2ER - COLI 2017 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.
Cities for First-Time Homebuyers CNBC 2016
Best Place to Live U.S. News & World Report 2016
Best Large City for Real Estate Markets Wallet Hub 2016
Low-Tax City SmartAsset 2015
Most Affordable American Cities Forbes 2015

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