Cost of Living: Milwaukee, WI vs Colorado Springs, CO (2026)

Milwaukee

Wisconsin
67
VS

Colorado Springs

Colorado
119

Milwaukee is 44% cheaper than Colorado Springs.

$1,033/mo ↓ 34%
Median Rent
$1,562/mo ↑ 51%
$51,888/yr ↓ 38%
Median Income
$83,198/yr ↑ 60%
$172,000 ↓ 59%
Home Value
$420,700 ↑ 145%
$1,082/mo ↓ 32%
Owner Costs
$1,592/mo ↑ 47%
569,756
Population
483,099

Tax Comparison

7.65%
Income Tax
4.4%
5.0%
State Sales Tax
2.9%
1.61%
Property Tax
0.51%

Affordability

23.9%
rent-to-income
Affordability
22.5%
rent-to-income

Detailed Comparison

When comparing Milwaukee, WI and Colorado Springs, CO, the overall cost of living indices are 67 and 119 respectively (national median = 100). Rent is $529/month cheaper in Milwaukee, saving renters about $6,348/year.

Median household income is $31,310/year higher in Colorado Springs. Home values also differ significantly — the median in Milwaukee is $172,000 compared to $420,700 in Colorado Springs.

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

Frequently Asked Questions

Milwaukee vs Colorado Springs — common questions

Is Milwaukee or Colorado Springs cheaper to live in?
Based on our cost index, Milwaukee is cheaper to live in with an index of 67 compared to 119 (US average = 100).
What is the rent difference between Milwaukee and Colorado Springs?
Median rent in Milwaukee is $1,033/month and in Colorado Springs it's $1,562/month — a difference of $529/month.
Which city has higher income, Milwaukee or Colorado Springs?
Median household income is $51,888 in Milwaukee and $83,198 in Colorado Springs. Median household income is $31,310/year higher in Colorado Springs.
How do taxes compare between Wisconsin and Colorado?
Wisconsin has 7.65% income tax, 5.0% sales tax, and 1.61% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Milwaukee or Colorado Springs?
It depends on your priorities. Milwaukee has a cost index of 67 with median rent of $1,033/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 Milwaukee details → View Colorado Springs details →

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