Living in Colorado Springs, Colorado
Cost of living, income, home prices, rent and demographics of Colorado Springs · Census data 2020–2024
Colorado Springs has 487,887 residents with a median age of 35.7. The median household income is $84,818 (11% lower than the Colorado median), the median home value is $452,600, the median rent is $1,648/month.
Colorado Springs at a glance
- Population
- 487,887
- Median age
- 35.7State: 37.7
- Median household income
- $84,818State: $95,470
- Median home value
- $452,600State: $539,400
- Median rent
- $1,648/moState: $1,761
- Homeowners
- 60.9%
- Bachelor's degree or higher
- 42.7%
- Average commute
- 23 min
Is Colorado Springs a good place to live?
Pros: Home values 16% lower than the state median; an average commute of 23 minutes; a poverty rate of 9%.
Cons: Median household income 11% lower than the Colorado median; unemployment of 5.6%.
The weather is best in May–June and August–September.
Cost of living in Colorado Springs
Housing is the biggest part of the cost of living. In Colorado Springs the median home value is $452,600, 36% higher than the U.S. median. Renters pay a median of $1,648 per month, which is 32% of household income. Homeowners with a mortgage pay $2,063 a month in housing costs.
Colorado Springs median household income
The median household income in Colorado Springs is $84,818 and the income per person is $46,513. 9% of residents live below the poverty line (Colorado: 9.4%).
Housing in Colorado Springs: homes for sale and rent
- Housing units
- 211,353
- Owner-occupied
- 60.9%
- Renter-occupied
- 39.1%
- Vacant
- 4.2%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.36
Colorado Springs demographics
- Population
- 487,887
- Median age
- 35.7
- Under 18
- 21.8%
- 65 and older
- 15.1%
- Households
- 202,515
- Foreign-born
- 7.6%
- Veterans
- 14.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Colorado Springs ›
Education in Colorado Springs
42.7% of adults 25 and older in Colorado Springs have a bachelor's degree or higher (Colorado: 45.7%), and 17.4% have a graduate or professional degree.
Jobs and commute in Colorado Springs
- Unemployment rate
- 5.6%State: 4.6%
- Average commute
- 23 minState: 25 min
- Work from home
- 17.6%
- Drive alone
- 70%
- Public transit
- 0.5%
- Walk to work
- 1.8%
- Homes with broadband
- 94.4%
Colorado Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colorado Springs | 487,887 | $84,818 | $452,600 | $1,648 |
| Cimarron Hills | 19,817 | $80,808 | $368,000 | $1,664 |
| Stratmoor | 5,412 | $65,000 | $310,000 | $1,324 |
| Manitou Springs | 4,735 | $85,000 | $561,200 | $1,283 |
| Security-Widefield | 37,345 | $91,142 | $387,500 | $1,793 |
| Air Force Academy | 6,727 | $69,474 | — | $2,264 |
| Gleneagle | 6,440 | $139,653 | $605,400 | $2,099 |
| Fort Carson | 18,019 | $66,237 | — | $2,180 |
| Fountain | 29,300 | $86,242 | $398,000 | $1,745 |
More for people moving to Colorado Springs
Colorado Springs ZIP code ›Weather and climate ›Living in Colorado Springs: FAQ
What is the median household income in Colorado Springs, CO?
The median household income in Colorado Springs is $84,818, 11% lower than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Colorado Springs?
The median home value in Colorado Springs is $452,600, compared with $539,400 in Colorado.
How much is rent in Colorado Springs?
The median gross rent in Colorado Springs is $1,648 per month, about 32% of household income.
Is Colorado Springs, CO a good place to live?
Pluses: home values 16% lower than the state median; an average commute of 23 minutes; a poverty rate of 9%. Minuses: median household income 11% lower than the Colorado median; unemployment of 5.6%.
What is the median age in Colorado Springs?
The median age in Colorado Springs is 35.7 years (Colorado: 37.7).
How long is the commute in Colorado Springs?
The average commute to work in Colorado Springs is 23 minutes; 17.6% of workers work from home.
What is the unemployment rate in Colorado Springs?
The unemployment rate in Colorado Springs is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colorado Springs?
42.7% of adults in Colorado Springs have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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