Cost of Living: El Paso, TX vs Colorado Springs, CO (2026)

El Paso

Texas
67
VS

Colorado Springs

Colorado
119

El Paso is 44% cheaper than Colorado Springs.

$1,041/mo ↓ 33%
Median Rent
$1,562/mo ↑ 50%
$58,734/yr ↓ 29%
Median Income
$83,198/yr ↑ 42%
$171,700 ↓ 59%
Home Value
$420,700 ↑ 145%
$1,044/mo ↓ 34%
Owner Costs
$1,592/mo ↑ 52%
678,147
Population
483,099

Tax Comparison

0%
Income Tax
4.4%
6.25%
State Sales Tax
2.9%
1.6%
Property Tax
0.51%

Affordability

21.3%
rent-to-income
Affordability
22.5%
rent-to-income

Detailed Comparison

When comparing El Paso, TX and Colorado Springs, CO, the overall cost of living indices are 67 and 119 respectively (national median = 100). Rent is $521/month cheaper in El Paso, saving renters about $6,252/year.

Median household income is $24,464/year higher in Colorado Springs. Home values also differ significantly — the median in El Paso is $171,700 compared to $420,700 in Colorado Springs.

Texas has no state income tax, giving El Paso residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

El Paso vs Colorado Springs — common questions

Is El Paso or Colorado Springs cheaper to live in?
Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 119 (US average = 100).
What is the rent difference between El Paso and Colorado Springs?
Median rent in El Paso is $1,041/month and in Colorado Springs it's $1,562/month — a difference of $521/month.
Which city has higher income, El Paso or Colorado Springs?
Median household income is $58,734 in El Paso and $83,198 in Colorado Springs. Median household income is $24,464/year higher in Colorado Springs.
How do taxes compare between Texas and Colorado?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to El Paso or Colorado Springs?
It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/mo, while Colorado Springs has a cost index of 119 with rent of $1,562/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View El Paso details → View Colorado Springs details →

More Comparisons

Other cost of living comparisons for El Paso and Colorado Springs

El Paso vs. Nashville El Paso vs. Washington El Paso vs. Oklahoma City El Paso vs. Boston El Paso vs. Denver El Paso vs. Las Vegas Colorado Springs vs. Omaha Colorado Springs vs. Raleigh Colorado Springs vs. Atlanta Colorado Springs vs. Long Beach Colorado Springs vs. Mesa Colorado Springs vs. Virginia Beach