Cost of Living in Colorado Springs, CO
Colorado Springs has a cost of living index of 104 (100 = national average), making it close to the national average. The median household income is $66,579 and the median home price is $420,000.
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Colorado Springs at a Glance
Population
488,664
Cost of Living Index
104
Median Income
$66,579
Median Home Price
$420,000
Property Tax Rate
0.52%
Sales Tax Rate
8.24%
Rent Index
100
State
Colorado
Living in Colorado Springs
Colorado Springs has a cost of living slightly above the national average. While housing at $420,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Colorado Springs is 8.24%, and the effective property tax rate is 0.52%. Property taxes are relatively low compared to the national average.