Cost of Living: New York, NY vs Colorado Springs, CO (2026)

New York

New York
166
VS

Colorado Springs

Colorado
119

New York is 39% more expensive than Colorado Springs.

$1,779/mo ↑ 14%
Median Rent
$1,562/mo ↓ 12%
$79,713/yr ↓ 4%
Median Income
$83,198/yr ↑ 4%
$751,700 ↑ 79%
Home Value
$420,700 ↓ 44%
$1,837/mo ↑ 15%
Owner Costs
$1,592/mo ↓ 13%
8,516,202
Population
483,099

Tax Comparison

10.9%
Income Tax
4.4%
4.0%
State Sales Tax
2.9%
1.62%
Property Tax
0.51%

Affordability

26.8%
rent-to-income
Affordability
22.5%
rent-to-income

Detailed Comparison

When comparing New York, NY and Colorado Springs, CO, the overall cost of living indices are 166 and 119 respectively (national median = 100). Rent is $217/month cheaper in Colorado Springs, saving renters about $2,604/year.

Median household income is $3,485/year higher in Colorado Springs. Home values also differ significantly — the median in New York is $751,700 compared to $420,700 in Colorado Springs.

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

Frequently Asked Questions

New York vs Colorado Springs — common questions

Is New York or Colorado Springs cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 166 (US average = 100).
What is the rent difference between New York and Colorado Springs?
Median rent in New York is $1,779/month and in Colorado Springs it's $1,562/month — a difference of $217/month.
Which city has higher income, New York or Colorado Springs?
Median household income is $79,713 in New York and $83,198 in Colorado Springs. Median household income is $3,485/year higher in Colorado Springs.
How do taxes compare between New York and Colorado?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to New York or Colorado Springs?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 New York details → View Colorado Springs details →

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