Living Here
Cost of Living
Views with Value
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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Source: C2ER - COLI 2nd Quarter 2019; *Source: C2ER - COLI 1st Quarter 2019
Cost of Living Index
| City | Composite | Utilities | Misc. Goods |
|---|---|---|---|
| Washington, DC | 163.4 | 117.0 | 122.2 |
| Seattle, WA | 156.1 | 108.4 | 135.5 |
| Boston, MA | 151.2 | 125.0 | 129.0 |
| Los Angeles, CA | 146.8 | 104.0 | 112.0 |
| Portland, OR | 134.0 | 86.3 | 117.7 |
| Chicago, IL | 120.1 | 91.4 | 109.0 |
| Reno, NV | 114.4 | 87.5 | 109.3 |
| Denver, CO | 110.8 | 78.1 | 105.7 |
| Dallas, TX | 106.2 | 103.7 | 105.1 |
| Las Vegas, NV* | 104.7 | 95.8 | 94.4 |
| Salt Lake City, UT | 103.4 | 86.3 | 104.6 |
| COLORADO SPRINGS, CO | 100.9 | 97.1 | 104.0 |
| Spokane, WA* | 100.1 | 94.3 | 98.6 |
| NATIONAL AVERAGE | 100.0 | 100.0 | 100.0 |
| Phoenix, AZ | 99.1 | 85.7 | 89.5 |
| Boise, ID | 97.5 | 81.6 | 102.7 |
| Albuquerque, NM | 93.3 | 87.7 | 96.5 |
| Raleigh, NC | 93.3 | 99.1 | 98.1 |
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Source: C2ER - COLI 2nd Quarter 2019; *Source: C2ER - COLI 1st 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 | $1,069,329 |
| Los Angeles, CA | 823,191 |
| Seattle, WA | 813,020 |
| Boston, MA | 719,537 |
| Portland, OR | 620,491 |
| Denver, CO | 529,115 |
| Chicago, IL | 517,613 |
| Reno, NV | 466,950 |
| Las Vegas, NV* | 453,767 |
| Salt Lake City, UT | 403,929 |
| Dallas, TX | 399,450 |
| Spokane, WA* | 388,702 |
| NATIONAL AVERAGE | 370,008 |
| Boise, ID | 351,105 |
| COLORADO SPRINGS, CO | 349,912 |
| Phoenix, AZ | 329,900 |
| Albuquerque, NM | 314,593 |
| Raleigh, NC | 287,839 |
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 2nd Quarter 2019; *Source: C2ER - COLI 1st 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 | $3,548 |
| Washington, DC | 3,002 |
| Los Angeles, CA | 2,776 |
| Seattle, WA | 2,642 |
| Portland, OR | 2,511 |
| Chicago, IL | 2,137 |
| Dallas, TX | 1,538 |
| Denver, CO | 1,516 |
| Phoenix, AZ | 1,443 |
| Raleigh, NC | 1,342 |
| COLORADO SPRINGS, CO | 1,294 |
| Las Vegas, NV* | 1,270 |
| Salt Lake City, UT | 1,261 |
| Reno, NV | 1,247 |
| NATIONAL AVERAGE | 1,165 |
| Boise, ID | 1,093 |
| Albuquerque, NM | 947 |
| Spokane, WA* | 891 |
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.