Cost of Living in Colorado Springs, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
140.4
100 = national avg
+40.4 vs national average
Living Wage (1 Adult)
$61,786
per year
Living Wage (Family of 4)
$146,040
per year
Cost Index by Category
Housing176.6
Food113.6
Transportation127.2
Healthcare110.9
Utilities123.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,464
per month
2 Bedroom
$1,735
per month
The overall cost of living index in Colorado Springs is 140.4, which is 40.4% above the national average. Housing costs are above the national average at an index of 176.6. A single adult needs to earn approximately $61,786 per year to cover basic expenses.