Colorado Springs, CO variant. This is a Colorado Springs, CO-specific version of the Salary Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Salary Calculator.
A salary in Colorado Springs must be weighed against a cost-of-living index of 105 (US avg = 100) and a $460,000 median home. The same paycheck stretches very differently here than in a cheaper metro.
Salary vs. cost of living in Colorado Springs
Colorado Springs's cost-of-living index of 105 means goods and housing cost about 5% more than the national average. To match a $60,000 lifestyle elsewhere you'd need roughly $63,000 here.
The $80,958 local median income and $1,750/month median rent set realistic expectations for Colorado Springs.
About Colorado Springs, CO
Colorado Springs applies Colorado state and local sales taxes, with a flat state income tax.
Colorado Springs home prices have climbed above the national average in recent years.
Colorado Springs has a strong military and defense presence, with a cost of living somewhat above the national average.
Worked example: cost-of-living adjustment
A $70,000 offer in Colorado Springs (index 105) has the buying power of about $66,667 in an average-cost city. Rent alone runs ~$21,000/year.
Quick reference
- Median home value: $460,000
- Median rent: $1,750/mo
- Median household income: $80,958
- Local sales tax: 8.2%
- Effective property tax rate: 0.42%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
Is Colorado Springs expensive?
Its cost-of-living index is 105 vs. the US average of 100, so it's above average.
What salary do I need in Colorado Springs?
Scale your target lifestyle by the 105 index - e.g., $63,000 to match a $60k lifestyle.