Cost of Living: Colorado Springs, CO vs Fargo, ND (2026)

Colorado Springs

Colorado
119
VS

Fargo

North Dakota
73

Colorado Springs is 63% more expensive than Fargo.

$1,562/mo ↑ 71%
Median Rent
$916/mo ↓ 41%
$83,198/yr ↑ 26%
Median Income
$66,029/yr ↓ 21%
$420,700 ↑ 56%
Home Value
$269,800 ↓ 36%
$1,592/mo ↑ 60%
Owner Costs
$997/mo ↓ 37%
483,099
Population
129,064

Tax Comparison

4.4%
Income Tax
2.5%
2.9%
State Sales Tax
5.0%
0.51%
Property Tax
0.98%

Affordability

22.5%
rent-to-income
Affordability
16.6%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Fargo, ND, the overall cost of living indices are 119 and 73 respectively (national median = 100). Rent is $646/month cheaper in Fargo, saving renters about $7,752/year.

Median household income is $17,169/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $269,800 in Fargo.

North Dakota has a lower income tax rate, making Fargo slightly more tax-friendly.

Frequently Asked Questions

Colorado Springs vs Fargo — common questions

Is Colorado Springs or Fargo cheaper to live in?
Based on our cost index, Fargo is cheaper to live in with an index of 73 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Fargo?
Median rent in Colorado Springs is $1,562/month and in Fargo it's $916/month — a difference of $646/month.
Which city has higher income, Colorado Springs or Fargo?
Median household income is $83,198 in Colorado Springs and $66,029 in Fargo. Median household income is $17,169/year higher in Colorado Springs.
How do taxes compare between Colorado and North Dakota?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. North Dakota has 2.5% income tax, 5.0% sales tax, and 0.98% property tax.
Should I move to Colorado Springs or Fargo?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Fargo has a cost index of 73 with rent of $916/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Fargo details →

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