Colorado springs living expenses calculator11/24/2023 ![]() Currently, there are 50% fewer homes for sale than just a year ago. The housing market continues to break records, reaching historically high prices as inventories remain tight. It is still less expensive to find housing in Colorado Springs than in many other urban areas in Colorado. Final Considerations for Colorado Springs Cost of LivingĬolorado Springs's cost of housing index is estimated to be between 114 and 124.If you're interested in learning more about what goes into Colorado Springs' cost of living, read on. Overall, Colorado Springs's cost of living is lower than the Colorado average index of 121. ![]() In recent years, higher cost of utilities has also had a significant impact. As with many cities, housing is the primary factor, although groceries and transportation costs contribute nearly as much. The current cost of living index for Colorado Springs is 104.5, which is close to the U.S. But the area is best known for its parks, trails, and other outdoor recreational activities. There's a full slate of things to do in Colorado Springs, from cultural events to breweries. The city was settled at the base of Pike's Peak and the Rocky Mountains, a location that has made it a popular tourist destination since the arrival of railroads in the 1870s. News named the city the most desirable place to live in the U.S.Ĭolorado Springs's economy is driven primarily by the defense industry, followed by high-tech and tourism. Located just 60 miles south of Denver, Colorado Springs is Colorado's largest city by area, covering 194.9 square miles. Facebook icon will open a new window Twitter icon will open a new window ![]()
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