Cost of Living: Colorado Springs, CO vs Waterbury, CT (2026)

Colorado Springs

Colorado
119
VS

Waterbury

Connecticut
76

Colorado Springs is 57% more expensive than Waterbury.

$1,562/mo ↑ 32%
Median Rent
$1,180/mo ↓ 24%
$83,198/yr ↑ 61%
Median Income
$51,642/yr ↓ 38%
$420,700 ↑ 127%
Home Value
$185,400 ↓ 56%
$1,592/mo ↑ 25%
Owner Costs
$1,273/mo ↓ 20%
483,099
Population
114,356

Tax Comparison

4.4%
Income Tax
6.99%
2.9%
State Sales Tax
6.35%
0.51%
Property Tax
2.15%

Affordability

22.5%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Waterbury, CT, the overall cost of living indices are 119 and 76 respectively (national median = 100). Rent is $382/month cheaper in Waterbury, saving renters about $4,584/year.

Median household income is $31,556/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $185,400 in Waterbury.

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

Frequently Asked Questions

Colorado Springs vs Waterbury — common questions

Is Colorado Springs or Waterbury cheaper to live in?
Based on our cost index, Waterbury is cheaper to live in with an index of 76 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Waterbury?
Median rent in Colorado Springs is $1,562/month and in Waterbury it's $1,180/month — a difference of $382/month.
Which city has higher income, Colorado Springs or Waterbury?
Median household income is $83,198 in Colorado Springs and $51,642 in Waterbury. Median household income is $31,556/year higher in Colorado Springs.
How do taxes compare between Colorado and Connecticut?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Colorado Springs or Waterbury?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Waterbury details →

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