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) | 6% lower | 13% higher |
| Utilities (Monthly) | 2% higher | 7% lower |
| Food | 0% | 3% higher |
| Healthcare | 2% higher | 3% higher |
| Transportation | 6% higher | 2% higher |
| Goods & Services | 6% higher | 9% higher |
The cost of living in Colorado Springs, CO is 1% higher than the state average and 7% higher than the national average. Colorado Springs, CO housing is 13% more expensive than the U.S average, while utilities are about 7% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 9% more in Colorado Springs, CO than in the rest of the country, while clothing costs around 9% 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 9% 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 $1,541, while home prices circle around $537,670.
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 $176.56 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 $4.70 in Colorado Springs, a dozen eggs go for around $4.45 and a pound of potatoes circles around $4.06.
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 $120.17, while a dentist appointment is priced $115.60 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.43 in Colorado Springs, while getting your tires balanced will run you about $61.73.
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 $41.82 here. Meanwhile, a pair of women's slacks will set you back around $40.04.
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 $11.75 a month. When it comes to personal services, a haircut usually goes for $33.62, while dry cleaning costs about $12.64.
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.