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

Colorado Springs

Colorado
119
VS

Allen

Texas
137

Colorado Springs is 13% cheaper than Allen.

$1,562/mo ↓ 17%
Median Rent
$1,877/mo ↑ 20%
$83,198/yr ↓ 36%
Median Income
$129,130/yr ↑ 55%
$420,700 ↓ 2%
Home Value
$429,900 ↑ 2%
$1,592/mo ↓ 24%
Owner Costs
$2,083/mo ↑ 31%
483,099
Population
107,684

Tax Comparison

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

Affordability

22.5%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Allen, TX, the overall cost of living indices are 119 and 137 respectively (national median = 100). Rent is $315/month cheaper in Colorado Springs, saving renters about $3,780/year.

Median household income is $45,932/year higher in Allen. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $429,900 in Allen.

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

Frequently Asked Questions

Colorado Springs vs Allen — common questions

Is Colorado Springs or Allen cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 137 (US average = 100).
What is the rent difference between Colorado Springs and Allen?
Median rent in Colorado Springs is $1,562/month and in Allen it's $1,877/month — a difference of $315/month.
Which city has higher income, Colorado Springs or Allen?
Median household income is $83,198 in Colorado Springs and $129,130 in Allen. Median household income is $45,932/year higher in Allen.
How do taxes compare between Colorado and Texas?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Colorado Springs or Allen?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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