Cost of Living: Colorado Springs, CO vs Peoria, AZ (2026)

Colorado Springs

Colorado
119
VS

Peoria

Arizona
125

Colorado Springs is 5% cheaper than Peoria.

$1,562/mo ↓ 10%
Median Rent
$1,743/mo ↑ 12%
$83,198/yr ↓ 11%
Median Income
$93,403/yr ↑ 12%
$420,700 ↓ 2%
Home Value
$429,400 ↑ 2%
$1,592/mo ≈ Same
Owner Costs
$1,589/mo ≈ Same
483,099
Population
194,338

Tax Comparison

4.4%
Income Tax
2.5%
2.9%
State Sales Tax
5.6%
0.51%
Property Tax
0.62%

Affordability

22.5%
rent-to-income
Affordability
22.4%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Peoria, AZ, the overall cost of living indices are 119 and 125 respectively (national median = 100). Rent is $181/month cheaper in Colorado Springs, saving renters about $2,172/year.

Median household income is $10,205/year higher in Peoria. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $429,400 in Peoria.

Arizona has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Colorado Springs vs Peoria — common questions

Is Colorado Springs or Peoria cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 125 (US average = 100).
What is the rent difference between Colorado Springs and Peoria?
Median rent in Colorado Springs is $1,562/month and in Peoria it's $1,743/month — a difference of $181/month.
Which city has higher income, Colorado Springs or Peoria?
Median household income is $83,198 in Colorado Springs and $93,403 in Peoria. Median household income is $10,205/year higher in Peoria.
How do taxes compare between Colorado and Arizona?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.
Should I move to Colorado Springs or Peoria?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Peoria has a cost index of 125 with rent of $1,743/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Peoria details →

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