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

Colorado Springs

Colorado
119
VS

Miami

Florida
129

Colorado Springs is 8% cheaper than Miami.

$1,562/mo ↓ 6%
Median Rent
$1,657/mo ↑ 6%
$83,198/yr ↑ 40%
Median Income
$59,390/yr ↓ 29%
$420,700 ↓ 11%
Home Value
$475,200 ↑ 13%
$1,592/mo ↓ 4%
Owner Costs
$1,666/mo ↑ 5%
483,099
Population
446,663

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
33.5%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Miami, FL, the overall cost of living indices are 119 and 129 respectively (national median = 100). Rent is $95/month cheaper in Colorado Springs, saving renters about $1,140/year.

Median household income is $23,808/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $475,200 in Miami.

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

Frequently Asked Questions

Colorado Springs vs Miami — common questions

Is Colorado Springs or Miami cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 129 (US average = 100).
What is the rent difference between Colorado Springs and Miami?
Median rent in Colorado Springs is $1,562/month and in Miami it's $1,657/month — a difference of $95/month.
Which city has higher income, Colorado Springs or Miami?
Median household income is $83,198 in Colorado Springs and $59,390 in Miami. Median household income is $23,808/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 Miami?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Miami has a cost index of 129 with rent of $1,657/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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