Cost of Living in Colorado Springs, CO
Population: 483,099 • 2026 Data
$83,198
Median Household Income
+7% vs national
$1,562
Median Monthly Rent
+16% vs national
$420,700
Median Home Value
+24% vs national
5.3%
Unemployment Rate
Housing in Colorado Springs
The median home value in Colorado Springs, CO is $420,700. Monthly rent for a typical unit averages $1,562, while total monthly housing costs (including utilities and insurance) average $1,592.
Rent-to-income ratio: 22.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Colorado Springs, CO is $83,198. The unemployment rate stands at 5.3%, with a labor force of 266,744 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.