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

Colorado Springs

Colorado

119

Amarillo

Texas

Colorado Springs is 50% more expensive than Amarillo.

$1,562/mo ↑ 49%

Median Rent

$1,049/mo ↓ 33%

$83,198/yr ↑ 33%

Median Income

$62,469/yr ↓ 25%

$420,700 ↑ 125%

Home Value

$186,800 ↓ 56%

$1,592/mo ↑ 48%

Owner Costs

$1,074/mo ↓ 33%

483,099

Population

200,945

Tax Comparison

4.4%

Income Tax

2.9%

Sales Tax

6.25%

0.51%

Property Tax

1.6%

Affordability

22.5%

rent-to-income

Affordability

20.2%

rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Amarillo, TX, the overall cost of living indices are 119 and 69 respectively (national median = 100). Rent is $513/month cheaper in Amarillo, saving renters about $6,156/year.

Median household income is $20,729/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $186,800 in Amarillo.

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

Frequently Asked Questions

Colorado Springs vs Amarillo — common questions

Is Colorado Springs or Amarillo cheaper to live in?

Based on our cost index, Amarillo is cheaper to live in with an index of 69 compared to 119 (US average = 100).

What is the rent difference between Colorado Springs and Amarillo?

Median rent in Colorado Springs is $1,562/month and in Amarillo it's $1,049/month — a difference of $513/month.

Which city has higher income, Colorado Springs or Amarillo?

Median household income is $83,198 in Colorado Springs and $62,469 in Amarillo. Median household income is $20,729/year higher in Colorado Springs.

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 Amarillo?

It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Amarillo has a cost index of 69 with rent of $1,049/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.