Cost of Living in Colorado Springs, Colorado
In Colorado Springs, the median household income is $84,818 and the median gross rent is $1,648/mo, with a median home value of $452,600. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $84,818
- Median gross rent
- $1,648/mo
- Median home value
- $452,600
- Population
- 487,887
How Colorado Springs compares to the Colorado average
| Measure | Colorado Springs, CO | Colorado statewide | Difference |
|---|---|---|---|
| Median household income | $84,818 | $95,470 | -11.2% |
| Median gross rent (monthly) | $1,648 | $1,761 | -6.4% |
| Median home value | $452,600 | $539,400 | -16.1% |
Statewide, Colorado prices average 103.1 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Colorado Springs
- Salary needed for median rent
- $65,920
- Rent burden at median income
- 23.3%
- Est. affordable home price
- $309,410
So that $1,648/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Colorado Springs is $452,600 — +46.3% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Colorado cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.