Cost of Living in Manitou Springs, CO

With a cost of living index of 115, Manitou Springs, CO is somewhat more expensive than average. Living here is 15% more expensive than the national average and in line with the Colorado state average. Manitou Springs is a small community of 4,796 residents.

Housing costs are the biggest factor in Manitou Springs's cost of living. The median monthly rent is $1,175 (11% below the US median of $1,319), and the median home value sits at $545,800 (79% above the national median of $304,900). At current prices, the median home costs roughly 7.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Manitou Springs is $76,550, which is 2% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.