Cost of Living: Colorado Springs, CO vs Billings, MT (2026)

Colorado Springs

Colorado
119
VS

Billings

Montana
86

Colorado Springs is 38% more expensive than Billings.

$1,562/mo ↑ 42%
Median Rent
$1,097/mo ↓ 30%
$83,198/yr ↑ 16%
Median Income
$71,855/yr ↓ 14%
$420,700 ↑ 35%
Home Value
$311,800 ↓ 26%
$1,592/mo ↑ 35%
Owner Costs
$1,177/mo ↓ 26%
483,099
Population
118,321

Tax Comparison

4.4%
Income Tax
6.75%
2.9%
State Sales Tax
0%
0.51%
Property Tax
0.74%

Affordability

22.5%
rent-to-income
Affordability
18.3%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Billings, MT, the overall cost of living indices are 119 and 86 respectively (national median = 100). Rent is $465/month cheaper in Billings, saving renters about $5,580/year.

Median household income is $11,343/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $311,800 in Billings.

Colorado has a lower income tax rate, making Colorado Springs slightly more tax-friendly.

Frequently Asked Questions

Colorado Springs vs Billings — common questions

Is Colorado Springs or Billings cheaper to live in?
Based on our cost index, Billings is cheaper to live in with an index of 86 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Billings?
Median rent in Colorado Springs is $1,562/month and in Billings it's $1,097/month — a difference of $465/month.
Which city has higher income, Colorado Springs or Billings?
Median household income is $83,198 in Colorado Springs and $71,855 in Billings. Median household income is $11,343/year higher in Colorado Springs.
How do taxes compare between Colorado and Montana?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Montana has 6.75% income tax, 0% sales tax, and 0.74% property tax.
Should I move to Colorado Springs or Billings?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Billings has a cost index of 86 with rent of $1,097/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Billings details →

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