Cost of Living: Colorado Springs, CO vs Anchorage, AK (2026)

Colorado Springs

Colorado
119
VS

Anchorage

Alaska
113

Colorado Springs is 5% more expensive than Anchorage.

$1,562/mo ↑ 8%
Median Rent
$1,453/mo ↓ 7%
$83,198/yr ↓ 15%
Median Income
$98,152/yr ↑ 18%
$420,700 ↑ 12%
Home Value
$375,900 ↓ 11%
$1,592/mo ↓ 6%
Owner Costs
$1,698/mo ↑ 7%
483,099
Population
289,069

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
0%
0.51%
Property Tax
1.04%

Affordability

22.5%
rent-to-income
Affordability
17.8%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Anchorage, AK, the overall cost of living indices are 119 and 113 respectively (national median = 100). Rent is $109/month cheaper in Anchorage, saving renters about $1,308/year.

Median household income is $14,954/year higher in Anchorage. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $375,900 in Anchorage.

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

Frequently Asked Questions

Colorado Springs vs Anchorage — common questions

Is Colorado Springs or Anchorage cheaper to live in?
Based on our cost index, Anchorage is cheaper to live in with an index of 113 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Anchorage?
Median rent in Colorado Springs is $1,562/month and in Anchorage it's $1,453/month — a difference of $109/month.
Which city has higher income, Colorado Springs or Anchorage?
Median household income is $83,198 in Colorado Springs and $98,152 in Anchorage. Median household income is $14,954/year higher in Anchorage.
How do taxes compare between Colorado and Alaska?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Alaska has 0% income tax, 0% sales tax, and 1.04% property tax.
Should I move to Colorado Springs or Anchorage?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Anchorage has a cost index of 113 with rent of $1,453/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Anchorage details →

More Comparisons

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