Colorado Springs, CO vs Denver, CO

There is a significant gap in the cost of living between these two cities. Colorado Springs is 16.3% cheaper than Denver. With a cost index of 116 vs 139, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Colorado Springs to Denver should plan for substantially higher expenses across most categories.

On the housing front, median rent in Colorado Springs is $1,562/month compared to $1,770/month in Denver — a 12% difference. Home values follow the same pattern: Colorado Springs is more affordable at $420,700 median vs $586,700.

Median household income in Colorado Springs is $83,198 compared to $91,681 in Denver (-9.3%). The higher salaries in Denver partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Colorado Springs spend roughly 22.5% of their income on rent, less than the 23.2% in Denver.