Cost of Living: Colorado Springs, CO vs Independence, MO (2026)

Colorado Springs

Colorado
119
VS

Independence

Missouri
67

Colorado Springs is 78% more expensive than Independence.

$1,562/mo ↑ 47%
Median Rent
$1,061/mo ↓ 32%
$83,198/yr ↑ 40%
Median Income
$59,480/yr ↓ 29%
$420,700 ↑ 153%
Home Value
$166,400 ↓ 60%
$1,592/mo ↑ 52%
Owner Costs
$1,046/mo ↓ 34%
483,099
Population
121,944

Tax Comparison

4.4%
Income Tax
4.95%
2.9%
State Sales Tax
4.225%
0.51%
Property Tax
0.93%

Affordability

22.5%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Independence, MO, the overall cost of living indices are 119 and 67 respectively (national median = 100). Rent is $501/month cheaper in Independence, saving renters about $6,012/year.

Median household income is $23,718/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $166,400 in Independence.

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

Frequently Asked Questions

Colorado Springs vs Independence — common questions

Is Colorado Springs or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Independence?
Median rent in Colorado Springs is $1,562/month and in Independence it's $1,061/month — a difference of $501/month.
Which city has higher income, Colorado Springs or Independence?
Median household income is $83,198 in Colorado Springs and $59,480 in Independence. Median household income is $23,718/year higher in Colorado Springs.
How do taxes compare between Colorado and Missouri?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Colorado Springs or Independence?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Independence details →

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