Cost of Living: Austin, TX vs Colorado Springs, CO (2026)

Austin

Texas
134
VS

Colorado Springs

Colorado
119

Austin is 13% more expensive than Colorado Springs.

$1,655/mo ↑ 6%
Median Rent
$1,562/mo ↓ 6%
$91,461/yr ↑ 10%
Median Income
$83,198/yr ↓ 9%
$512,700 ↑ 22%
Home Value
$420,700 ↓ 18%
$1,747/mo ↑ 10%
Owner Costs
$1,592/mo ↓ 9%
967,862
Population
483,099

Tax Comparison

0%
Income Tax
4.4%
6.25%
State Sales Tax
2.9%
1.6%
Property Tax
0.51%

Affordability

21.7%
rent-to-income
Affordability
22.5%
rent-to-income

Detailed Comparison

When comparing Austin, TX and Colorado Springs, CO, the overall cost of living indices are 134 and 119 respectively (national median = 100). Rent is $93/month cheaper in Colorado Springs, saving renters about $1,116/year.

Median household income is $8,263/year higher in Austin. Home values also differ significantly — the median in Austin is $512,700 compared to $420,700 in Colorado Springs.

Texas has no state income tax, giving Austin residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Austin vs Colorado Springs — common questions

Is Austin or Colorado Springs cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 134 (US average = 100).
What is the rent difference between Austin and Colorado Springs?
Median rent in Austin is $1,655/month and in Colorado Springs it's $1,562/month — a difference of $93/month.
Which city has higher income, Austin or Colorado Springs?
Median household income is $91,461 in Austin and $83,198 in Colorado Springs. Median household income is $8,263/year higher in Austin.
How do taxes compare between Texas and Colorado?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Austin or Colorado Springs?
It depends on your priorities. Austin has a cost index of 134 with median rent of $1,655/mo, while Colorado Springs has a cost index of 119 with rent of $1,562/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Austin details → View Colorado Springs details →

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