Cost of living in Colorado Springs, CO: What to expect when living here as a renter

Between searching for apartments, estimating living expenses, and adjusting to a new area, there’s a lot to think about for renters trying to budget for their next big move. One of the biggest factors in deciding where to live is understanding what the cost of living looks like in your potential new hometown.

Colorado Springs, a scenic city at the foot of the Rockies, has become a popular spot for renters looking for a mix of nature, city life, and affordability. But before you start your apartment hunt, it’s smart to understand how the cost of living in Colorado Springs, CO, compares to both the state and national averages.

What is the average cost of living in Colorado Springs, CO?

When it comes to renting, Colorado Springs, CO, offers a lifestyle that blends natural beauty with urban convenience. Renters here enjoy a mix of city amenities — like dining, entertainment, and shopping — balanced with access to trails, parks, and mountain views.

But what really matters for renters is the average cost of living in Colorado Springs, CO, compared to the rest of the state and the country. With a median household income of $83,198, the city supports a comfortable lifestyle for many renters — especially when factoring in the city’s lower utility and healthcare costs.

Still, the lower costs in other categories help balance the overall picture. Utilities, for example, are approximately 24% less expensive than the U.S. average, giving renters some relief on monthly bills.

For daily needs like food and clothing, groceries cost about 2% more than the national average, while clothing is roughly 4% more. Healthcare services, such as doctor visits and dental checkups, are estimated to be 4% less costly than in other U.S. cities — an appealing factor for anyone concerned about ongoing medical expenses.

Finally, non-essentials like entertainment, fitness, and grooming services come in around 4% higher than the national average, which makes sense for a city that offers plenty of activities, from outdoor recreation to local events.

Breaking down the cost of living in Colorado Springs

One of the reasons renters are drawn to this mountain town is its relative affordability compared to larger cities across the state. As the cost of living is 10% lower in Colorado Springs, CO, compared to the rest of the state, this makes a noticeable difference for renters, especially if you’re moving from pricier areas like Denver or Boulder. That lower cost can translate into more financial breathing room each month — whether it’s for savings, entertainment, or exploring everything the city has to offer.

Here’s a more detailed look at the average expenses that renters should expect in Colorado Springs. These numbers give you a solid idea of what everyday life will cost in the city.

Housing (Buy & Rent):

• Average monthly rent: $1,517
• Average home price: $557,240
• Mortgage rate: 6.80%

Utilities:

• Energy bill (monthly average): $128.50
• Phone bill (monthly average): $192.15

Food:

• Milk (1 gallon): $4.60
• Eggs (1 dozen): $2.91
• Bread (loaf): $4.27
• Potatoes (5 lbs): $4.10
• Cheese (1 lb): $4.52
• Ground beef (1 lb): $7.15

Health Care:

• Doctor’s visit: $134.99
• Dentist visit: $106.17
• Optometrist visit: $132.00

Transportation:

• Gas (per gallon): $3.04
• Tire-balancing: $65.11

Goods & Services:

• Men’s shirt: $30.58
• Women’s slacks: $32.03
• Boy’s jeans: $27.76
• Haircut: $34.02
• Beauty salon: $50.14
• Dry cleaning: $14.02
• Movie ticket: $12.04

Is Colorado Springs, CO, a good choice for renters?

Beyond numbers and comparisons, what really attracts renters to Colorado Springs is the lifestyle. The city offers a mix of mountain views, outdoor recreation, and urban conveniences that few places can match. From hiking trails to cultural attractions, there’s something for everyone here. Renters enjoy a community that feels laid-back but active and affordable.

Understanding the average cost of living in Colorado Springs, CO, will give you the confidence to choose a home that fits both your lifestyle and your budget. Because when you know what to expect, settling into your new city becomes that much easier.

Or, if you’re interested in the cost of living in other cities, check out our guides for Buffalo, NY; Fayetteville, NC; Austin, TX; and Memphis, TN.