Cost of Living: Colorado Springs, CO vs Buffalo, NY (2026)

Colorado Springs

Colorado
119
VS

Buffalo

New York
61

Colorado Springs is 95% more expensive than Buffalo.

$1,562/mo ↑ 58%
Median Rent
$989/mo ↓ 37%
$83,198/yr ↑ 73%
Median Income
$48,050/yr ↓ 42%
$420,700 ↑ 176%
Home Value
$152,300 ↓ 64%
$1,592/mo ↑ 71%
Owner Costs
$929/mo ↓ 42%
483,099
Population
276,397

Tax Comparison

4.4%
Income Tax
10.9%
2.9%
State Sales Tax
4.0%
0.51%
Property Tax
1.62%

Affordability

22.5%
rent-to-income
Affordability
24.7%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Buffalo, NY, the overall cost of living indices are 119 and 61 respectively (national median = 100). Rent is $573/month cheaper in Buffalo, saving renters about $6,876/year.

Median household income is $35,148/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $152,300 in Buffalo.

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

Frequently Asked Questions

Colorado Springs vs Buffalo — common questions

Is Colorado Springs or Buffalo cheaper to live in?
Based on our cost index, Buffalo is cheaper to live in with an index of 61 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Buffalo?
Median rent in Colorado Springs is $1,562/month and in Buffalo it's $989/month — a difference of $573/month.
Which city has higher income, Colorado Springs or Buffalo?
Median household income is $83,198 in Colorado Springs and $48,050 in Buffalo. Median household income is $35,148/year higher in Colorado Springs.
How do taxes compare between Colorado and New York?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax.
Should I move to Colorado Springs or Buffalo?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Buffalo has a cost index of 61 with rent of $989/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Buffalo details →

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