We’re hiring! Follow this link to see our openings.

The 2020 Annual Report is here. Download your copy.

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.

 

Scroll for more

Cost of Living Index

CityCompositeUtilitiesMisc. Goods
Washington, DC159.0118.1118.0
Seattle, WA156.7108.1136.0
Boston, MA150.1120.6129.1
Los Angeles, CA145.9106.3111.8
Portland, OR134.087.2119.3
Chicago, IL120.092.4109.3
Reno, NV113.686.0107.5
Denver, CO110.880.6106.5
Dallas, TX107.7106.9106.6
Salt Lake City, UT103.387.8103.5
Las Vegas, NV103.198.794.1
COLORADO SPRINGS, CO100.897.3104.0
Spokane, WA100.397.598.6
NATIONAL AVERAGE100.0100.0100.0
Phoenix, AZ98.9109.691.8
Boise, ID98.482.0102.7
Raleigh, NC95.198.3100.8
Albuquerque, NM*93.387.796.5
Source: C2ER - COLI 2019 Annual Average; *Source: C2ER - COLI 2nd Quarter 2019
Scroll for more

Housing Cost Comparison

 House
Price
Washington, DC$1,041,970
Los Angeles, CA816,438
Seattle, WA813,440
Boston, MA716,119
Portland, OR616,272
Chicago, IL517,211
Denver, CO515,298
Reno, NV463,121
Las Vegas, NV447,464
Spokane, WA399,028
Salt Lake City, UT396,378
Dallas, TX389,520
NATIONAL AVERAGE366,058
Boise, ID349,211
COLORADO SPRINGS, CO343,668
Phoenix, AZ334,870
Albuquerque, NM*314,593
Raleigh, NC284,183
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.
Scroll for more

Apartment Cost Comparison

CityMonthly
Rent
Boston, MA$3,454
Washington, DC3,038
Los Angeles, CA2,800
Seattle, WA2,650
Portland, OR2,542
Chicago, IL2,131
Dallas, TX1,588
Denver, CO1,500
Phoenix, AZ1,424
Raleigh, NC1,322
COLORADO SPRINGS, CO1,310
Salt Lake City, UT1,273
Reno, NV1,243
Las Vegas, NV1,208
NATIONAL AVERAGE1,155
Boise, ID1,131
Albuquerque, NM*947
Spokane, WA918
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.
Scroll for more

Utility Comparison

CityAll
Electric
Part
Electric
Other
Energy
Total
Monthly
Energy
Boston, MA$0.00$67.96$163.66$231.62
Washington, DC0.00144.1777.49221.66
Phoenix, AZ199.930.000.00199.93
Dallas, TX0.00135.8252.18188.00
Seattle, WA185.140.000.00185.14
Los Angeles, CA0.00110.5572.55183.10
Las Vegas, NV0.00123.7946.71170.50
NATIONAL AVERAGE171.34100.4967.55168.04
Raleigh, NC0.00104.2762.24166.51
COLORADO SPRINGS, CO0.0099.4362.28161.71
Spokane, WA0.0059.6395.19154.82
Portland, OR0.0080.6560.06140.71
Albuquerque, NM*0.0092.0740.97137.42
Chicago, IL0.0080.2552.14132.39
Reno, NV0.00102.7528.51131.26
Salt Lake City, UT0.0074.8655.23130.09
Boise, ID0.0066.2358.58124.81
Denver, CO0.0054.2554.96109.21
Source: C2ER - COLI 2019 Annual Average; *Source: C2ER - COLI 2nd Quarter 2019
#2
Best Places to Live U.S. News & World Report 2020
#10
Healthiest States America's Health Rankings 2020
#2
Best Cities for Veterans to Live Veterans United 2020
Top-25
Best Real Estate Markets WalletHub 2020

Contact Us

Contact Us

Subscribe To Our Newsletter

Like what you see? Join our newsletter and get exclusive access to news, press releases, and community updates delivered directly to your inbox.