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) | 8% lower | 11% higher |
| Utilities (Monthly) | 12% higher | 2% higher |
| Food | 1% lower | 0% |
| Healthcare | 3% higher | 3% higher |
| Transportation | 4% higher | 2% higher |
| Goods & Services | 6% higher | 7% higher |
The cost of living in Colorado Springs, CO is 0% than the state average and 6% higher than the national average. Colorado Springs, CO housing is 11% more expensive than the U.S average, while utilities are about 2% pricier. When it comes to basic necessities such as food and clothing, groceries are around 7% more in Colorado Springs, CO than in the rest of the country, while clothing costs around 7% more .
Healthcare services such as doctor check-ups and dentistry cost 3% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 7% 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 $1,576, while home prices circle around $504,244.
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 $190.00 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 $2.79 in Colorado Springs, a dozen eggs go for around $2.77 and a pound of potatoes circles around $3.34.
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 $121.72, while a dentist appointment is priced $109.88 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.86 in Colorado Springs, while getting your tires balanced will run you about $56.53.
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 $45.37 here. Meanwhile, a pair of women's slacks will set you back around $39.89.
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 $10.88 a month. When it comes to personal services, a haircut usually goes for $30.19, while dry cleaning costs about $14.13.
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.