Cost of Living: Colorado Springs, CO vs Newark, NJ (2026)

Colorado Springs

Colorado
119
VS

Newark

New Jersey
100

Colorado Springs is 19% more expensive than Newark.

$1,562/mo ↑ 17%
Median Rent
$1,330/mo ↓ 15%
$83,198/yr ↑ 72%
Median Income
$48,416/yr ↓ 42%
$420,700 ↑ 25%
Home Value
$337,800 ↓ 20%
$1,592/mo ↑ 12%
Owner Costs
$1,419/mo ↓ 11%
483,099
Population
307,188

Tax Comparison

4.4%
Income Tax
10.75%
2.9%
State Sales Tax
6.625%
0.51%
Property Tax
2.23%

Affordability

22.5%
rent-to-income
Affordability
33.0%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Newark, NJ, the overall cost of living indices are 119 and 100 respectively (national median = 100). Rent is $232/month cheaper in Newark, saving renters about $2,784/year.

Median household income is $34,782/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $337,800 in Newark.

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

Frequently Asked Questions

Colorado Springs vs Newark — common questions

Is Colorado Springs or Newark cheaper to live in?
Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Newark?
Median rent in Colorado Springs is $1,562/month and in Newark it's $1,330/month — a difference of $232/month.
Which city has higher income, Colorado Springs or Newark?
Median household income is $83,198 in Colorado Springs and $48,416 in Newark. Median household income is $34,782/year higher in Colorado Springs.
How do taxes compare between Colorado and New Jersey?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Colorado Springs or Newark?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Newark has a cost index of 100 with rent of $1,330/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Newark details →

More Comparisons

Other cost of living comparisons for Colorado Springs and Newark

Colorado Springs vs. Omaha Colorado Springs vs. Raleigh Colorado Springs vs. Atlanta Colorado Springs vs. Long Beach Colorado Springs vs. Mesa Colorado Springs vs. Virginia Beach Newark vs. St. Paul Newark vs. Pittsburgh Newark vs. Irvine Newark vs. Greensboro Newark vs. Cincinnati Newark vs. St. Louis