Cost of Living: Colorado Springs, CO vs Torrance, CA (2026)

Colorado Springs

Colorado
119
VS

Torrance

California
218

Colorado Springs is 45% cheaper than Torrance.

$1,562/mo ↓ 29%
Median Rent
$2,214/mo ↑ 42%
$83,198/yr ↓ 26%
Median Income
$113,105/yr ↑ 36%
$420,700 ↓ 59%
Home Value
$1,036,600 ↑ 146%
$1,592/mo ↓ 31%
Owner Costs
$2,295/mo ↑ 44%
483,099
Population
143,499

Tax Comparison

4.4%
Income Tax
13.3%
2.9%
State Sales Tax
7.25%
0.51%
Property Tax
0.71%

Affordability

22.5%
rent-to-income
Affordability
23.5%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Torrance, CA, the overall cost of living indices are 119 and 218 respectively (national median = 100). Rent is $652/month cheaper in Colorado Springs, saving renters about $7,824/year.

Median household income is $29,907/year higher in Torrance. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $1,036,600 in Torrance.

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

Frequently Asked Questions

Colorado Springs vs Torrance — common questions

Is Colorado Springs or Torrance cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 218 (US average = 100).
What is the rent difference between Colorado Springs and Torrance?
Median rent in Colorado Springs is $1,562/month and in Torrance it's $2,214/month — a difference of $652/month.
Which city has higher income, Colorado Springs or Torrance?
Median household income is $83,198 in Colorado Springs and $113,105 in Torrance. Median household income is $29,907/year higher in Torrance.
How do taxes compare between Colorado and California?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Colorado Springs or Torrance?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Torrance has a cost index of 218 with rent of $2,214/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Torrance details →

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