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, DC161.8116.4127.6
Seattle, WA153.0110.8136.5
Los Angeles, CA147.1111.7110.0
Boston, MA146.5120.0130.5
Portland, OR130.089.1114.8
Chicago, IL124.194.6112.5
Denver, CO111.585.7109.6
Reno, NV110.380.3113.9
Dallas, TX106.3107.7105.6
Las Vegas, NV*102.586.7100.0
Salt Lake City, UT100.691.0103.7
NATIONAL AVERAGE100.0100.0100.0
Spokane, WA98.291.599.7
COLORADO SPRINGS, CO97.788.898.6
Albuquerque, NM96.895.398.9
Phoenix, AZ96.0109.291.4
Boise, ID95.087.896.1
Raleigh, NC91.291.192.8
Source: C2ER - COLI 1st Quarter 2018; *Source: C2ER COLI - 2017 Annual Average
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Housing Cost Comparison

 House
Price
Washington, DC$932,333
Los Angeles, CA818,428
Seattle, WA711,670
Boston, MA646,567
Portland, OR540,000
Chicago, IL497,450
Denver, CO469,938
Las Vegas, NV*375,990
Reno, NV380,493
Spokane, WA354,415
NATIONAL AVERAGE345,678
Salt Lake City, UT343,850
Boise, ID319,699
Dallas, TX319,179
COLORADO SPRINGS, CO318,306
Phoenix, AZ316,523
Albuquerque, NM308,417
Raleigh, NC262,807
Source: C2ER - COLI 1st Quarter 2018; *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

CityMonthly
Rent
Boston, MA$2,821
Washington, DC2,788
Los Angeles, CA2,713
Seattle, WA2,552
Portland, OR2,505
Chicago, IL2,074
Denver, CO1,428
Dallas, TX1,385
COLORADO SPRINGS, CO1,254
Reno, NV1,224
NATIONAL AVERAGE1,081
Raleigh, NC1,065
Salt Lake City, UT1,058
Las Vegas, NV*1,043
Phoenix, AZ1,001
Albuquerque, NM973
Boise, ID909
Spokane, WA844
Source: C2ER - COLI 1st Quarter 2018; *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.
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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