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Colorado Springs, CO

Cost of living in Colorado Springs, Colorado

El Paso County, CO

Part of the Colorado Springs Metro Area

Estimated monthly cost
$3,591/mo
for a single person, all categories combined

Population 736,008 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,472 41%
Federal tax $576 16%
Healthcare $480 13%
Groceries $359 10%
Transport $320 9%
State tax $166 5%
Energy $158 4%
Water $60 2%

Rent in Colorado Springs

Fair Market Rents by bedroom count.

Studio
$1,219
per month
1 bedroom
$1,472
per month
2 bedroom
$1,778
per month
3 bedroom
$2,491
per month
4 bedroom
$2,846
per month

Source: HUD FMR FY2025

Income and earnings in Colorado Springs

Annual earnings figures from the Census ACS.

Household income
$87,470
per year
Individual earnings
$45,279
per year
Per capita
$44,250
per year

Source: ACS 2019-2023 5-Year.

Home values in Colorado Springs

Average values reported by homeowners.

Average home value
$431,000
Annual property tax
$1,773

Source: ACS 2019-2023 5-Year

Energy costs in Colorado Springs

Estimated monthly electricity and gas costs.

Electricity
$106
per month · 15.2¢/kWh
Natural gas
$52
per month
Annual total
$1,896
per year

Source: EIA

Healthcare in Colorado Springs

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
7.1%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Colorado Springs

State and local tax rates for Colorado.

State income tax
4.4%
Flat rate
State sales tax
2.9%
Combined sales tax
7.8%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Colorado Springs

Commute patterns and estimated costs.

Average commute
23.5 min
Drive alone
70.4%
Public transit
0.3%
Work from home
15.4%

Source: ACS

Monthly cost estimates for Colorado Springs

What it costs to live in Colorado Springs each month.

Single person
$3,591
per month
  • Rent $1,472
  • Energy $158
  • Water $60
  • Groceries $359
  • Transport $320
  • Healthcare $480
  • Federal tax $576
  • State tax $166
Couple
$5,340
per month
  • Rent $1,778
  • Energy $190
  • Water $70
  • Groceries $595
  • Transport $420
  • Healthcare $864
  • Federal tax $1,102
  • State tax $321
Family
$8,209
per month
  • Rent $2,491
  • Energy $237
  • Water $85
  • Groceries $903
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $1,102
  • State tax $321

Frequently asked questions about Colorado Springs

Common questions about cost of living, rent and salary.

What is the average rent in Colorado Springs?

In Colorado Springs, Colorado, a one-bedroom apartment averages $1,472 per month, a two-bedroom averages $1,778 per month, a three-bedroom averages $2,491 per month, according to HUD Fair Market Rent data.

What is the average salary in Colorado Springs?

In Colorado Springs, Colorado, the average household income is $87,470 per year and individual earnings for full-time workers average $45,279 per year, according to U.S. Census Bureau data.

What is the cost of living in Colorado Springs?

The estimated cost of living in Colorado Springs, Colorado is approximately $3,591 per month for a single person, $5,340 for a couple, $8,209 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Colorado Springs?

The combined sales tax rate in Colorado Springs, Colorado is 7.77%, which includes the Colorado state rate of 2.90% plus an average local rate of 4.87%.

Is Colorado Springs an affordable place to live?

Based on the data, a single person in Colorado Springs, Colorado would need approximately $3,591 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $87,470 per year ($7,289 per month). Colorado Springs is relatively affordable compared to the national average.

How much does healthcare cost in Colorado Springs?

The ACA marketplace benchmark premium in Colorado Springs, Colorado is approximately $480 per month for an individual. Approximately 7.1% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Colorado Springs?

The average home value in Colorado Springs, Colorado is $431,000, with average annual property taxes of $1,773, according to U.S. Census Bureau data.

How does Colorado Springs compare to other areas?

You can compare Colorado Springs, Colorado with any other US county using our comparison tool at /compare. Colorado Springs is in the Colorado Springs, CO metro area.

Other counties in Colorado

Browse the full list of counties in Colorado, ranked by cost of living.

See all counties in Colorado

Compare Colorado Springs with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources