Cost of Living: Colorado Springs, CO vs Plano, TX (2026)

Colorado Springs

Colorado
119
VS

Plano

Texas
132

Colorado Springs is 10% cheaper than Plano.

$1,562/mo ↓ 13%
Median Rent
$1,792/mo ↑ 15%
$83,198/yr ↓ 23%
Median Income
$108,649/yr ↑ 31%
$420,700 ↓ 5%
Home Value
$440,600 ↑ 5%
$1,592/mo ↓ 13%
Owner Costs
$1,829/mo ↑ 15%
483,099
Population
287,339

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
6.25%
0.51%
Property Tax
1.6%

Affordability

22.5%
rent-to-income
Affordability
19.8%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Plano, TX, the overall cost of living indices are 119 and 132 respectively (national median = 100). Rent is $230/month cheaper in Colorado Springs, saving renters about $2,760/year.

Median household income is $25,451/year higher in Plano. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $440,600 in Plano.

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

Frequently Asked Questions

Colorado Springs vs Plano — common questions

Is Colorado Springs or Plano cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 132 (US average = 100).
What is the rent difference between Colorado Springs and Plano?
Median rent in Colorado Springs is $1,562/month and in Plano it's $1,792/month — a difference of $230/month.
Which city has higher income, Colorado Springs or Plano?
Median household income is $83,198 in Colorado Springs and $108,649 in Plano. Median household income is $25,451/year higher in Plano.
How do taxes compare between Colorado and Texas?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Colorado Springs or Plano?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Plano has a cost index of 132 with rent of $1,792/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Plano details →

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