Cost of Living in Air Force Academy, CO

With a cost of living index of 127, Air Force Academy, CO is a notably expensive place to live. Living here is 27% more expensive than the national average and 13% above the Colorado state average of 114. Air Force Academy is a smaller community of 6,701 residents, where everyday costs can differ substantially from nearby larger cities.

The median household income in Air Force Academy is $93,889, which is 25% higher than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. While incomes are above average, they do not fully offset the higher cost of living.

Everyday prices in the Colorado Springs, CO (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.