Cost of Living: Colorado Springs, CO vs Montgomery, AL (2026)

Colorado Springs

Colorado
119
VS

Montgomery

Alabama
64

Colorado Springs is 86% more expensive than Montgomery.

$1,562/mo ↑ 47%
Median Rent
$1,059/mo ↓ 32%
$83,198/yr ↑ 49%
Median Income
$55,687/yr ↓ 33%
$420,700 ↑ 183%
Home Value
$148,500 ↓ 65%
$1,592/mo ↑ 56%
Owner Costs
$1,023/mo ↓ 36%
483,099
Population
198,440

Tax Comparison

4.4%
Income Tax
5.0%
2.9%
State Sales Tax
4.0%
0.51%
Property Tax
0.41%

Affordability

22.5%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Montgomery, AL, the overall cost of living indices are 119 and 64 respectively (national median = 100). Rent is $503/month cheaper in Montgomery, saving renters about $6,036/year.

Median household income is $27,511/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $148,500 in Montgomery.

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

Frequently Asked Questions

Colorado Springs vs Montgomery — common questions

Is Colorado Springs or Montgomery cheaper to live in?
Based on our cost index, Montgomery is cheaper to live in with an index of 64 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Montgomery?
Median rent in Colorado Springs is $1,562/month and in Montgomery it's $1,059/month — a difference of $503/month.
Which city has higher income, Colorado Springs or Montgomery?
Median household income is $83,198 in Colorado Springs and $55,687 in Montgomery. Median household income is $27,511/year higher in Colorado Springs.
How do taxes compare between Colorado and Alabama?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Alabama has 5.0% income tax, 4.0% sales tax, and 0.41% property tax.
Should I move to Colorado Springs or Montgomery?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Montgomery has a cost index of 64 with rent of $1,059/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Montgomery details →

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