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

Colorado Springs

Colorado
119
VS

Reno

Nevada
122

Colorado Springs is 2% cheaper than Reno.

$1,562/mo ↑ 8%
Median Rent
$1,453/mo ↓ 7%
$83,198/yr ↑ 6%
Median Income
$78,448/yr ↓ 6%
$420,700 ↓ 16%
Home Value
$498,600 ↑ 19%
$1,592/mo ↑ 7%
Owner Costs
$1,482/mo ↓ 7%
483,099
Population
268,959

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
22.2%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Reno, NV, the overall cost of living indices are 119 and 122 respectively (national median = 100). Rent is $109/month cheaper in Reno, saving renters about $1,308/year.

Median household income is $4,750/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $498,600 in Reno.

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

Frequently Asked Questions

Colorado Springs vs Reno — common questions

Is Colorado Springs or Reno cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 122 (US average = 100).
What is the rent difference between Colorado Springs and Reno?
Median rent in Colorado Springs is $1,562/month and in Reno it's $1,453/month — a difference of $109/month.
Which city has higher income, Colorado Springs or Reno?
Median household income is $83,198 in Colorado Springs and $78,448 in Reno. Median household income is $4,750/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 Reno?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Reno has a cost index of 122 with rent of $1,453/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Reno details →

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