Cost of Living: Colorado Springs, CO vs Paradise, NV (2026)

Colorado Springs

Colorado
119
VS

Paradise

Nevada
99

Colorado Springs is 20% more expensive than Paradise.

$1,562/mo ↑ 21%
Median Rent
$1,287/mo ↓ 18%
$83,198/yr ↑ 41%
Median Income
$58,874/yr ↓ 29%
$420,700 ↑ 17%
Home Value
$358,400 ↓ 15%
$1,592/mo ↑ 23%
Owner Costs
$1,290/mo ↓ 19%
483,099
Population
186,178

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
6.85%
0.51%
Property Tax
0.53%

Affordability

22.5%
rent-to-income
Affordability
26.2%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Paradise, NV, the overall cost of living indices are 119 and 99 respectively (national median = 100). Rent is $275/month cheaper in Paradise, saving renters about $3,300/year.

Median household income is $24,324/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $358,400 in Paradise.

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

Frequently Asked Questions

Colorado Springs vs Paradise — common questions

Is Colorado Springs or Paradise cheaper to live in?
Based on our cost index, Paradise is cheaper to live in with an index of 99 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Paradise?
Median rent in Colorado Springs is $1,562/month and in Paradise it's $1,287/month — a difference of $275/month.
Which city has higher income, Colorado Springs or Paradise?
Median household income is $83,198 in Colorado Springs and $58,874 in Paradise. Median household income is $24,324/year higher in Colorado Springs.
How do taxes compare between Colorado and Nevada?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax.
Should I move to Colorado Springs or Paradise?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Paradise has a cost index of 99 with rent of $1,287/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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