Cost of Living in Fort Carson, CO

With a cost of living index of 121, Fort Carson, CO is a notably expensive place to live. Living here is 21% more expensive than the national average and 7% above the Colorado state average of 114. Fort Carson is a smaller community of 18,447 residents, where everyday costs can differ substantially from nearby larger cities.

The median household income in Fort Carson is $61,783, which is 18% lower than the national median of $75,149. Residents spend roughly 40% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

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.