Cost of Living: Colorado Springs, CO vs Lakeland, FL (2026)

Colorado Springs

Colorado
119
VS

Lakeland

Florida
82

Colorado Springs is 45% more expensive than Lakeland.

$1,562/mo ↑ 20%
Median Rent
$1,299/mo ↓ 17%
$83,198/yr ↑ 37%
Median Income
$60,947/yr ↓ 27%
$420,700 ↑ 84%
Home Value
$229,100 ↓ 46%
$1,592/mo ↑ 39%
Owner Costs
$1,149/mo ↓ 28%
483,099
Population
117,030

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
6.0%
0.51%
Property Tax
0.86%

Affordability

22.5%
rent-to-income
Affordability
25.6%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Lakeland, FL, the overall cost of living indices are 119 and 82 respectively (national median = 100). Rent is $263/month cheaper in Lakeland, saving renters about $3,156/year.

Median household income is $22,251/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $229,100 in Lakeland.

Florida has no state income tax, giving Lakeland residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Colorado Springs vs Lakeland — common questions

Is Colorado Springs or Lakeland cheaper to live in?
Based on our cost index, Lakeland is cheaper to live in with an index of 82 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Lakeland?
Median rent in Colorado Springs is $1,562/month and in Lakeland it's $1,299/month — a difference of $263/month.
Which city has higher income, Colorado Springs or Lakeland?
Median household income is $83,198 in Colorado Springs and $60,947 in Lakeland. Median household income is $22,251/year higher in Colorado Springs.
How do taxes compare between Colorado and Florida?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Colorado Springs or Lakeland?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Lakeland has a cost index of 82 with rent of $1,299/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Lakeland details →

More Comparisons

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