Cost of Living: Colorado Springs, CO vs Providence, RI (2026)

Colorado Springs

Colorado
119
VS

Providence

Rhode Island
99

Colorado Springs is 20% more expensive than Providence.

$1,562/mo ↑ 17%
Median Rent
$1,333/mo ↓ 15%
$83,198/yr ↑ 25%
Median Income
$66,772/yr ↓ 20%
$420,700 ↑ 30%
Home Value
$322,800 ↓ 23%
$1,592/mo ↑ 9%
Owner Costs
$1,467/mo ↓ 8%
483,099
Population
190,214

Tax Comparison

4.4%
Income Tax
5.99%
2.9%
State Sales Tax
7.0%
0.51%
Property Tax
1.53%

Affordability

22.5%
rent-to-income
Affordability
24.0%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Providence, RI, the overall cost of living indices are 119 and 99 respectively (national median = 100). Rent is $229/month cheaper in Providence, saving renters about $2,748/year.

Median household income is $16,426/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $322,800 in Providence.

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

Frequently Asked Questions

Colorado Springs vs Providence — common questions

Is Colorado Springs or Providence cheaper to live in?
Based on our cost index, Providence 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 Providence?
Median rent in Colorado Springs is $1,562/month and in Providence it's $1,333/month — a difference of $229/month.
Which city has higher income, Colorado Springs or Providence?
Median household income is $83,198 in Colorado Springs and $66,772 in Providence. Median household income is $16,426/year higher in Colorado Springs.
How do taxes compare between Colorado and Rhode Island?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax.
Should I move to Colorado Springs or Providence?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Providence has a cost index of 99 with rent of $1,333/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Providence details →

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