Cost of Living: Colorado Springs, CO vs Chesapeake, VA (2026)

Colorado Springs

Colorado
119
VS

Chesapeake

Virginia
112

Colorado Springs is 6% more expensive than Chesapeake.

$1,562/mo ↑ 3%
Median Rent
$1,523/mo ↓ 2%
$83,198/yr ↓ 12%
Median Income
$94,189/yr ↑ 13%
$420,700 ↑ 17%
Home Value
$359,100 ↓ 15%
$1,592/mo ↓ 5%
Owner Costs
$1,680/mo ↑ 6%
483,099
Population
251,153

Tax Comparison

4.4%
Income Tax
5.75%
2.9%
State Sales Tax
5.3%
0.51%
Property Tax
0.8%

Affordability

22.5%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Chesapeake, VA, the overall cost of living indices are 119 and 112 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $10,991/year higher in Chesapeake. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $359,100 in Chesapeake.

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

Frequently Asked Questions

Colorado Springs vs Chesapeake — common questions

Is Colorado Springs or Chesapeake cheaper to live in?
Based on our cost index, Chesapeake is cheaper to live in with an index of 112 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Chesapeake?
Median rent in Colorado Springs is $1,562/month and in Chesapeake it's $1,523/month — a difference of $39/month.
Which city has higher income, Colorado Springs or Chesapeake?
Median household income is $83,198 in Colorado Springs and $94,189 in Chesapeake. Median household income is $10,991/year higher in Chesapeake.
How do taxes compare between Colorado and Virginia?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Colorado Springs or Chesapeake?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Chesapeake has a cost index of 112 with rent of $1,523/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Chesapeake details →

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