Colorado · Population 483,099 · Updated March 2026
How far your income goes in Colorado Springs
State-level tax rates that affect your costs
Colorado Springs is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 119 (where 100 equals the national median), Colorado Springs residents can expect to pay median rent of $1,562/month while earning a median household income of $83,198/year.
The median home value in Colorado Springs, CO is $420,700, with typical monthly owner costs around $1,592 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Colorado has a moderate income tax rate of 4.4%. Combined with a 2.9% sales tax rate and 0.51% effective property tax rate, the overall tax environment is a factor in the total cost of living in Colorado Springs.
Common questions about living costs in Colorado Springs
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