Cost of Living in Colorado Springs, CO
Cost of Living in Colorado Springs, CO | Compared to State Average | Compared to National Average |
---|---|---|
Housing (Buy and Rent) | 7% lower | 12% higher |
Utilities (Monthly) | 8% higher | 2% lower |
Food | 0% | 4% higher |
Healthcare | 4% higher | 5% higher |
Transportation | 6% higher | 4% higher |
Goods & Services | 7% higher | 10% higher |
The cost of living in Colorado Springs, CO is 2% higher than the state average and 8% higher than the national average. Colorado Springs, CO housing is 12% more expensive than the U.S average, while utilities are about 2% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 10% more in Colorado Springs, CO than in the rest of the country, while clothing costs around 10% more .
Healthcare services such as doctor check-ups and dentistry cost 5% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 10% pricier in Colorado Springs, CO.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Colorado Springs is $1,527, while home prices circle around $528,019.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Colorado Springs, energy bills cost around $191.51 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.69 in Colorado Springs, a dozen eggs go for around $5.05 and a pound of potatoes circles around $4.14.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Colorado Springs, an optometry check-up costs around $115.89, while a dentist appointment is priced $118.46 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.64 in Colorado Springs, while getting your tires balanced will run you about $60.47.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $43.89 here. Meanwhile, a pair of women's slacks will set you back around $42.66.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Colorado Springs, you should budget around $11.74 a month. When it comes to personal services, a haircut usually goes for $33.33, while dry cleaning costs about $12.19.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Colorado Springs, the median household income is $71,957.