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

Colorado Springs

Colorado
119
VS

Paterson

New Jersey
106

Colorado Springs is 12% more expensive than Paterson.

$1,562/mo ↑ 7%
Median Rent
$1,457/mo ↓ 7%
$83,198/yr ↑ 55%
Median Income
$53,766/yr ↓ 35%
$420,700 ↑ 25%
Home Value
$335,400 ↓ 20%
$1,592/mo ↑ 3%
Owner Costs
$1,553/mo ↓ 2%
483,099
Population
157,660

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
32.5%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Paterson, NJ, the overall cost of living indices are 119 and 106 respectively (national median = 100). Rent is $105/month cheaper in Paterson, saving renters about $1,260/year.

Median household income is $29,432/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $335,400 in Paterson.

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

Frequently Asked Questions

Colorado Springs vs Paterson — common questions

Is Colorado Springs or Paterson cheaper to live in?
Based on our cost index, Paterson is cheaper to live in with an index of 106 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Paterson?
Median rent in Colorado Springs is $1,562/month and in Paterson it's $1,457/month — a difference of $105/month.
Which city has higher income, Colorado Springs or Paterson?
Median household income is $83,198 in Colorado Springs and $53,766 in Paterson. Median household income is $29,432/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 Paterson?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Paterson has a cost index of 106 with rent of $1,457/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Paterson details →

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