Cost of Living: Colorado Springs, CO vs Salt Lake City, UT (2026)

Colorado Springs

Colorado
119
VS

Salt Lake City

Utah
117

Colorado Springs and Salt Lake City have a similar cost of living.

$1,562/mo ↑ 16%
Median Rent
$1,343/mo ↓ 14%
$83,198/yr ↑ 11%
Median Income
$74,925/yr ↓ 10%
$420,700 ↓ 15%
Home Value
$495,700 ↑ 18%
$1,592/mo ↑ 14%
Owner Costs
$1,394/mo ↓ 12%
483,099
Population
203,888

Tax Comparison

4.4%
Income Tax
4.65%
2.9%
State Sales Tax
6.1%
0.51%
Property Tax
0.58%

Affordability

22.5%
rent-to-income
Affordability
21.5%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Salt Lake City, UT, the overall cost of living indices are 119 and 117 respectively (national median = 100). Rent is $219/month cheaper in Salt Lake City, saving renters about $2,628/year.

Median household income is $8,273/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $495,700 in Salt Lake City.

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

Frequently Asked Questions

Colorado Springs vs Salt Lake City — common questions

Is Colorado Springs or Salt Lake City cheaper to live in?
Based on our cost index, Salt Lake City is cheaper to live in with an index of 117 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Salt Lake City?
Median rent in Colorado Springs is $1,562/month and in Salt Lake City it's $1,343/month — a difference of $219/month.
Which city has higher income, Colorado Springs or Salt Lake City?
Median household income is $83,198 in Colorado Springs and $74,925 in Salt Lake City. Median household income is $8,273/year higher in Colorado Springs.
How do taxes compare between Colorado and Utah?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Utah has 4.65% income tax, 6.1% sales tax, and 0.58% property tax.
Should I move to Colorado Springs or Salt Lake City?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Salt Lake City has a cost index of 117 with rent of $1,343/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Salt Lake City details →

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