Colorado Springs, CO Relocation Guide (2026)
Cost of living, housing, and income data for Colorado Springs, sourced from the US Census Bureau.
Salary needed to live in Colorado Springs →
Source: US Census Bureau ACS 5-Year (2022). Last updated July 2026.
Colorado Springs, Colorado is home to roughly 479,612 residents. The typical household here earns $79,026 a year — roughly in line with the median we track across cities (+10%).
Anyone weighing a move to Colorado Springs should know the median home value is $383,000, above the multi-city median (+17%), and median rent runs $1,464 per month. Current mortgage rates and local property taxes both affect the real math of buying versus renting.
At roughly 4.8 times median income, Colorado Springs's home values sit in a balanced range compared to the cities we track. Colorado Springs's home prices have stayed largely flat, rising just 0.53% from a year earlier. FEMA's National Risk Index puts Colorado Springs at Relatively Moderate for overall natural-hazard risk — a relatively favorable factor for insurance costs.
Personal Affordability Check
Renting at $1,464/mo in Colorado Springs would take 22.2% of your income.
$512/mo under the 30% guideline.
Buying the median home ($383,000) would take 31.0% of your income toward principal & interest.
$201/mo over the 28% guideline.
Cost of housing in Colorado Springs
Median home value is $383,000 and median gross rent is $1,464/month. For buyers, monthly costs depend heavily on current mortgage rates — worth checking before you commit.
FHFA's county-level home price index for El Paso rose 0.53% over the past year (as of 2025).
HUD's FY 2026 Fair Market Rent for a 2-bedroom unit in the surrounding county is $1,735/month.
Climate & home insurance
FEMA rates Colorado Springs's overall natural-hazard risk as Relatively Moderate. Risk level is a major driver of home insurance premiums.
Safety
Colorado Springs reported a violent crime rate of 691 per 100,000 residents in 2025, per FBI data.
Moving to Colorado Springs
Planning a move to Colorado Springs? Compare licensed movers and get quotes based on your origin and move date.
Frequently asked questions
- What is the cost of living in Colorado Springs, CO?
- The US Census Bureau ACS 5-Year (2022) puts Colorado Springs's median home value at $383,000, median rent at $1,464/month, and median household income at $79,026.
- How much do you need to earn to live comfortably in Colorado Springs?
- To keep rent under the commonly recommended 30% of income in Colorado Springs, where median rent runs $1,464/month, you'd want to earn about $58,560 annually. See the full salary breakdown (renting and buying) for Colorado Springs.
- Is it better to rent or buy in Colorado Springs?
- Comparing the two in Colorado Springs: renting at the median $1,464/month needs about $58,560 in annual income (30% guideline), while buying the $383,000 median home needs roughly $87,628 a year in principal-and-interest, assuming 20% down and a 30-year fixed loan at current rates.
- Is Colorado Springs safe?
- The most recent FBI figures (2025) show a violent crime rate of 691 per 100,000 residents in Colorado Springs.
See the full salary breakdown for Colorado Springs →
Cities with a similar cost of living
Matched on median rent and household income within 15% of Colorado Springs's.