What salary do you need to live in Colorado Springs, CO?

Colorado Springs housing costs at a glance

A one-bedroom in Colorado Springs rents for a median of $1,389 a month, utilities the tenant pays included; a two-bedroom goes for $1,586 and a three-bedroom for $2,076. Over a full year, the two-bedroom median comes to $19,032.

Buying is the other half of the housing picture: owners put the median home in Colorado Springs, CO at $461,800. With median household income at $90,144, a typical home costs 5.1× a typical income, close to the middle of the range across US metros.

The Bureau of Economic Analysis puts Colorado Springs's Regional Price Parity at 100.7, essentially the US average of 100: a dollar of income here buys about what it would anywhere on average, rents and everyday goods included.

Income needed for each grade in Colorado Springs

The salary lines for a two-bedroom household land at $60,000 for Tight, $120,000 for Okay and $241,000 for Comfortable. The gap between the Okay and Comfortable lines alone is $121,000, which says how much extra income it takes to make housing feel roomy here rather than merely workable.

Royal, the top band, starts at $711,000. At that income rent is 3% of pay and the median home 0.6× income.

Each figure is the lowest income, to the next $1,000, at which the calculator itself would show that grade for a two-bedroom in Colorado Springs.

Scores at $50K, $75K, $100K and $150K in Colorado Springs

On $75,000, a one-bedroom scores 34 and a three-bedroom 27, both Tight; the extra bedrooms cost points but not a grade.

In Colorado Springs the table's top salary of $150,000 stops at Okay (51) for two bedrooms; Comfortable starts higher, at $241,000.

Where Colorado Springs falls nationally

Ranked against all 387 metros, Colorado Springs sits 76th on overall price level and 54th on the two-bedroom rent median, counting from the most expensive. Its median home value ranks 47th.

For a sense of scale, the metros just above and below it on two-bedroom rent are Midland, TX ($1,588) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($1,585).

Comparing Colorado Springs with Colorado

Statewide, Colorado's median two-bedroom rent is $1,782 and its median home value $539,400. Colorado Springs's rent is −11% against that, and its home value −14%; the price parity is 100.7 versus 103.1 for the state.

On statewide medians, a two-bedroom budget reaches Comfortable at $292,000 — above Colorado Springs's $241,000 line.

Within Colorado, the metros closest to Colorado Springs on rent and overall prices are Fort Collins-Loveland, CO, Greeley, CO, and Denver-Aurora-Centennial, CO. Their Comfortable lines for two bedrooms sit at $275,000, $231,000, and $345,000.

Does the typical Colorado Springs income clear the bar?

The median household in the metro earns $90,144 (ACS 2020-2024). Run through the calculator with two bedrooms, that scores 37, Tight. Reaching Comfortable would take $150,856 more than the median household earns. For Colorado as a whole, the median household income of $95,470 scores 33 against statewide rents. Keep in mind a household median often combines two incomes.

These are pre-tax estimates from public statistics, not financial advice.