Cost of Living: Colorado Springs, CO vs Cedar Rapids, IA (2026)

Colorado Springs

Colorado
119
VS

Cedar Rapids

Iowa
65

Colorado Springs is 83% more expensive than Cedar Rapids.

$1,562/mo ↑ 69%
Median Rent
$925/mo ↓ 41%
$83,198/yr ↑ 23%
Median Income
$67,859/yr ↓ 18%
$420,700 ↑ 138%
Home Value
$177,100 ↓ 58%
$1,592/mo ↑ 47%
Owner Costs
$1,084/mo ↓ 32%
483,099
Population
136,859

Tax Comparison

4.4%
Income Tax
5.7%
2.9%
State Sales Tax
6.0%
0.51%
Property Tax
1.57%

Affordability

22.5%
rent-to-income
Affordability
16.4%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Cedar Rapids, IA, the overall cost of living indices are 119 and 65 respectively (national median = 100). Rent is $637/month cheaper in Cedar Rapids, saving renters about $7,644/year.

Median household income is $15,339/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $177,100 in Cedar Rapids.

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

Frequently Asked Questions

Colorado Springs vs Cedar Rapids — common questions

Is Colorado Springs or Cedar Rapids cheaper to live in?
Based on our cost index, Cedar Rapids is cheaper to live in with an index of 65 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Cedar Rapids?
Median rent in Colorado Springs is $1,562/month and in Cedar Rapids it's $925/month — a difference of $637/month.
Which city has higher income, Colorado Springs or Cedar Rapids?
Median household income is $83,198 in Colorado Springs and $67,859 in Cedar Rapids. Median household income is $15,339/year higher in Colorado Springs.
How do taxes compare between Colorado and Iowa?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Iowa has 5.7% income tax, 6.0% sales tax, and 1.57% property tax.
Should I move to Colorado Springs or Cedar Rapids?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Cedar Rapids has a cost index of 65 with rent of $925/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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