Living Here
Cost of Living
Stunning Views, Surprising Value
Expect awe-inspiring views, not jaw-dropping prices when comes to the cost of living in Colorado Springs. Prices for home, rentals, utilities and other quality of life components are competitive and, in some cases, lower than national averages. Paired with high-quality job growth, the region’s affordability offers the financial freedom to enjoy an ideally crafted lifestyle. Spend more time and less money on the things that matter when you live in Colorado Springs.
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Source: C2ER - COLI 2019 Annual Average; *Source: C2ER - COLI 2nd Quarter 2019
Cost of Living Index
| City | Composite | Utilities | Misc. Goods |
|---|---|---|---|
| Washington, DC | 159.0 | 118.1 | 118.0 |
| Seattle, WA | 156.7 | 108.1 | 136.0 |
| Boston, MA | 150.1 | 120.6 | 129.1 |
| Los Angeles, CA | 145.9 | 106.3 | 111.8 |
| Portland, OR | 134.0 | 87.2 | 119.3 |
| Chicago, IL | 120.0 | 92.4 | 109.3 |
| Reno, NV | 113.6 | 86.0 | 107.5 |
| Denver, CO | 110.8 | 80.6 | 106.5 |
| Dallas, TX | 107.7 | 106.9 | 106.6 |
| Salt Lake City, UT | 103.3 | 87.8 | 103.5 |
| Las Vegas, NV | 103.1 | 98.7 | 94.1 |
| COLORADO SPRINGS, CO | 100.8 | 97.3 | 104.0 |
| Spokane, WA | 100.3 | 97.5 | 98.6 |
| NATIONAL AVERAGE | 100.0 | 100.0 | 100.0 |
| Phoenix, AZ | 98.9 | 109.6 | 91.8 |
| Boise, ID | 98.4 | 82.0 | 102.7 |
| Raleigh, NC | 95.1 | 98.3 | 100.8 |
| Albuquerque, NM* | 93.3 | 87.7 | 96.5 |
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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.
Housing Cost Comparison
| House Price |
|
|---|---|
| Washington, DC | $1,041,970 |
| Los Angeles, CA | 816,438 |
| Seattle, WA | 813,440 |
| Boston, MA | 716,119 |
| Portland, OR | 616,272 |
| Chicago, IL | 517,211 |
| Denver, CO | 515,298 |
| Reno, NV | 463,121 |
| Las Vegas, NV | 447,464 |
| Spokane, WA | 399,028 |
| Salt Lake City, UT | 396,378 |
| Dallas, TX | 389,520 |
| NATIONAL AVERAGE | 366,058 |
| Boise, ID | 349,211 |
| COLORADO SPRINGS, CO | 343,668 |
| Phoenix, AZ | 334,870 |
| Albuquerque, NM* | 314,593 |
| Raleigh, NC | 284,183 |
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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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.
Apartment Cost Comparison
| City | Monthly Rent |
|---|---|
| Boston, MA | $3,454 |
| Washington, DC | 3,038 |
| Los Angeles, CA | 2,800 |
| Seattle, WA | 2,650 |
| Portland, OR | 2,542 |
| Chicago, IL | 2,131 |
| Dallas, TX | 1,588 |
| Denver, CO | 1,500 |
| Phoenix, AZ | 1,424 |
| Raleigh, NC | 1,322 |
| COLORADO SPRINGS, CO | 1,310 |
| Salt Lake City, UT | 1,273 |
| Reno, NV | 1,243 |
| Las Vegas, NV | 1,208 |
| NATIONAL AVERAGE | 1,155 |
| Boise, ID | 1,131 |
| Albuquerque, NM* | 947 |
| Spokane, WA | 918 |
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.
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Source: C2ER - COLI 2019 Annual Average; *Source: C2ER - COLI 2nd Quarter 2019
Utility Comparison
| City | All Electric | Part Electric | Other Energy | Total Monthly Energy |
|---|---|---|---|---|
| Boston, MA | $0.00 | $67.96 | $163.66 | $231.62 |
| Washington, DC | 0.00 | 144.17 | 77.49 | 221.66 |
| Phoenix, AZ | 199.93 | 0.00 | 0.00 | 199.93 |
| Dallas, TX | 0.00 | 135.82 | 52.18 | 188.00 |
| Seattle, WA | 185.14 | 0.00 | 0.00 | 185.14 |
| Los Angeles, CA | 0.00 | 110.55 | 72.55 | 183.10 |
| Las Vegas, NV | 0.00 | 123.79 | 46.71 | 170.50 |
| NATIONAL AVERAGE | 171.34 | 100.49 | 67.55 | 168.04 |
| Raleigh, NC | 0.00 | 104.27 | 62.24 | 166.51 |
| COLORADO SPRINGS, CO | 0.00 | 99.43 | 62.28 | 161.71 |
| Spokane, WA | 0.00 | 59.63 | 95.19 | 154.82 |
| Portland, OR | 0.00 | 80.65 | 60.06 | 140.71 |
| Albuquerque, NM* | 0.00 | 92.07 | 40.97 | 137.42 |
| Chicago, IL | 0.00 | 80.25 | 52.14 | 132.39 |
| Reno, NV | 0.00 | 102.75 | 28.51 | 131.26 |
| Salt Lake City, UT | 0.00 | 74.86 | 55.23 | 130.09 |
| Boise, ID | 0.00 | 66.23 | 58.58 | 124.81 |
| Denver, CO | 0.00 | 54.25 | 54.96 | 109.21 |