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, DC156.6114.2126.0
Seattle, WA152.2111.9135.2
Boston, MA149.8121.3130.6
Los Angeles, CA145.3108.0110.1
Portland, OR130.187.4114.1
Chicago, IL121.592.7112.3
Denver, CO111.479.2107.2
Reno, NV109.183.6105.1
Dallas, TX105.1104.3107.4
Las Vegas, NV*102.586.7100.0
Salt Lake City, UT100.889.3100.7
NATIONAL AVERAGE100.0100.0100.0
Phoenix, AZ99.0112.7100.1
Spokane, WA**98.291.599.7
Boise, ID97.387.2102.0
Albuquerque, NM96.492.897.7
Raleigh, NC91.793.893.2
Source: C2ER - COLI 2nd Quarter 2018; *Source: C2ER COLI - 2017 Annual Average; Source: **C2ER - COLI 1st Quarter 2018
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Housing Cost Comparison

Washington, DC$930,517
Los Angeles, CA808,583
Seattle, WA724,688
Boston, MA662,000
Portland, OR540,600
Chicago, IL499,733
Denver, CO492,394
Reno, NV408,645
Las Vegas, NV*375,990
Salt Lake City, UT360,138
Spokane, WA**354,415
Dallas, TX326,766
Albuquerque, NM318,218
Boise, ID317,164
Phoenix, AZ316,523
Raleigh, NC273,522
Source: C2ER - COLI 2nd Quarter 2018; *Source: C2ER - COLI 2017 Annual Average; **Source: C2ER - COLI 1st 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

Boston, MA$2,969
Washington, DC2,760
Los Angeles, CA2,721
Portland, OR2,622
Seattle, WA2,448
Chicago, IL2,038
Denver, CO1,451
Dallas, TX1,445
Reno, NV1,243
Salt Lake City, UT1,115
Raleigh, NC1,081
Phoenix, AZ1,068
Las Vegas, NV*1,043
Albuquerque, NM956
Boise, ID942
Spokane, WA**844
Source: C2ER - COLI 2nd Quarter 2018; *Source: C2ER COLI 2017 Annual Average; Source: **C2ER - COLI 1st Quarter 2018

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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