Cost of Living: Colorado Springs, CO vs Ann Arbor, MI (2026)

Colorado Springs

Colorado
119
VS

Ann Arbor

Michigan
121

Colorado Springs and Ann Arbor have a similar cost of living.

$1,562/mo ≈ Same
Median Rent
$1,552/mo ≈ Same
$83,198/yr ↑ 3%
Median Income
$81,089/yr ↓ 3%
$420,700 ↓ 3%
Home Value
$435,100 ↑ 3%
$1,592/mo ↓ 3%
Owner Costs
$1,638/mo ↑ 3%
483,099
Population
121,179

Tax Comparison

4.4%
Income Tax
4.25%
2.9%
State Sales Tax
6.0%
0.51%
Property Tax
1.38%

Affordability

22.5%
rent-to-income
Affordability
23.0%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Ann Arbor, MI, the overall cost of living indices are 119 and 121 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $2,109/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $435,100 in Ann Arbor.

Michigan has a lower income tax rate, making Ann Arbor slightly more tax-friendly.

Frequently Asked Questions

Colorado Springs vs Ann Arbor — common questions

Is Colorado Springs or Ann Arbor cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 121 (US average = 100).
What is the rent difference between Colorado Springs and Ann Arbor?
Median rent in Colorado Springs is $1,562/month and in Ann Arbor it's $1,552/month — a difference of $10/month.
Which city has higher income, Colorado Springs or Ann Arbor?
Median household income is $83,198 in Colorado Springs and $81,089 in Ann Arbor. Median household income is $2,109/year higher in Colorado Springs.
How do taxes compare between Colorado and Michigan?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Michigan has 4.25% income tax, 6.0% sales tax, and 1.38% property tax.
Should I move to Colorado Springs or Ann Arbor?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Ann Arbor has a cost index of 121 with rent of $1,552/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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