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, DC164.0115.5121.8
Seattle, WA159.4107.0135.7
Boston, MA150.1114.8129.8
Los Angeles, CA148.0106.8111.6
Portland, OR137.087.0122.7
Chicago, IL121.992.7109.0
Reno, NV*114.487.5109.3
Denver, CO112.880.8108.5
Dallas, TX110.9108.0109.3
Las Vegas, NV102.899.993.9
Salt Lake City, UT101.589.699.6
COLORADO SPRINGS, CO100.998.7103.9
Boise, ID100.581.7106.0
Spokane, WA100.598.598.4
NATIONAL AVERAGE100.0100.0100.0
Phoenix, AZ99.4106.990.8
Raleigh, NC95.098.8101.2
Albuquerque, NM*93.387.796.5
Source: C2ER - COLI 3rd Quarter 2019; *Source: C2ER - COLI 2nd Quarter 2019
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Housing Cost Comparison

 House
Price
Washington, DC$1,012,727
Los Angeles, CA827,579
Seattle, WA826,200
Boston, MA714,900
Portland, OR615,500
Chicago, IL513,821
Denver, CO501,929
Reno, NV*466,950
Las Vegas, NV441,771
Dallas, TX408,230
Spokane, WA401,878
Salt Lake City, UT395,599
NATIONAL AVERAGE365,798
Boise, ID356,416
COLORADO SPRINGS, CO349,205
Phoenix, AZ346,409
Albuquerque, NM*314,593
Raleigh, NC291,196
Source: C2ER - COLI 3rd Quarter 2019; *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.
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Apartment Cost Comparison

CityMonthly
Rent
Boston, MA$3,375
Washington, DC3,128
Los Angeles, CA2,820
Seattle, WA2,724
Portland, OR2,679
Chicago, IL2,210
Dallas, TX1,607
Denver, CO1,538
Phoenix, AZ1,533
COLORADO SPRINGS, CO1,366
Raleigh, NC1,328
Salt Lake City, UT1,297
Reno, NV*1,247
Boise, ID1,189
Las Vegas, NV1,176
NATIONAL AVERAGE1,163
Albuquerque, NM947
Spokane, WA931
Source: C2ER - COLI 3rd Quarter 2019; *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.
#2
Best Large City for First-Time Home Buyers WalletHub 2018
#3
Best Place to Live U.S. News & World Report 2019
#7
Best Large City for Real Estate Markets Wallet Hub 2016
#5
Best City to Find a Job WalletHub 2019
#2
Most Desirable Place to Live for IT Professionals CompTIA 2019
#1 (tie)
Most Desirable Place to Live U.S. News & World Report 2019

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