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, DC153.3115.8122.0
Boston, MA148.6146.6133.1
Los Angeles, CA146.3111.5106.7
Seattle, WA145.1120.7136.5
Portland, OR127.380.1116.2
Chicago, IL123.089.1115.5
Denver, CO111.895.1106.3
Reno, NV102.885.2106.5
Dallas, TX101.2102.3103.7
Las Vegas, NV100.486.495.6
NATIONAL AVERAGE100.0100.0100.0
Albuquerque, NM96.284.897.6
Salt Lake City, UT95.876.299.1
Spokane, WA95.776.799.5
COLORADO SPRINGS, CO95.376.493.6
Phoenix, AZ94.798.190.9
Raleigh, NC*94.496.2106.0
Boise, ID92.084.893.6
Source: C2ER - COLI 1st Quarter 2017; *Source: C2ER - COLI 2016 Annual Average
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Housing Cost Comparison

 House
Price
Washington, DC$846,000
Los Angeles, CA775,567
Seattle, WA598,150
Boston, MA585,100
Portland, OR492,625
Chicago, IL479,617
Denver, CO432,828
Las Vegas, NV370,789
Reno, NV335,058
NATIONAL AVERAGE332,959
Albuquerque, NM322,132
Phoenix, AZ317,206
COLORADO SPRINGS, CO315,599
Spokane, WA312,865
Salt Lake City, UT309,778
Dallas, TX308,508
Boise, ID286,171
Raleigh, NC*216,165
Source: C2ER - COLI 1st Quarter 2017; *Source: C2ER - COLI 2016 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

CityMonthly
Rent
Boston, MA$2,783
Los Angeles, CA2,563
Portland, OR2,467
Washington, DC2,331
Seattle, WA2.132
Chicago, IL1,717
Denver, CO1,409
Dallas, TX1,272
COLORADO SPRINGS, CO1,199
Reno, NV1,130
NATIONAL AVERAGE1,032
Phoenix, AZ1,025
Las Vegas, NV1,009
Albuquerque, NM994
Salt Lake City, UT977
Boise, ID869
Spokane, WA857
Raleigh, NC*756
Source: C2ER - COLI 1st Quarter 2017; *Source: C2ER - COLI 2016 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.
Best
Cities for First-Time Homebuyers CNBC 2016
#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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