What Salary Do You Need to Live in Colorado Springs, CO?

To live comfortably in Colorado Springs, a household needs to earn roughly $75,000/year. That's about $6,250/month before taxes.

The Number: $75,000/year

At $75,000 per year, a household in Colorado Springs can afford median-priced rental housing at roughly 28% of gross income.

This is based on Colorado Springs's median monthly rent of $1,699 and the 28% housing guideline. Source: Census ACS 2024.

Colorado Springs at a Glance

Median rent$1,699/mo
Median home price$479,500
Median household income$83,672
State income tax4.4% flat
Sales tax8.2%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Colorado Springs on roughly $50,000/year. That's about $4,167/month before taxes.

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Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Colorado Springs

The median monthly rent is $1,699. Using the 30% guideline, you need about $68,000/year to afford this comfortably.

The median home price is $479,500. With a 20% down payment, you would need roughly $95,900 saved and a household income to support the mortgage payments.

The median household income is $83,672/year. Our recommended salary of $75,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.