How much do you need to live in Colorado Springs?

Summary about cost of living in Colorado Springs, CO, United States: Family of four estimated monthly costs are 3,484$ without rent. A single person estimated monthly costs are 976$ without rent.

What is the average salary to live comfortably in Colorado?

As the average rent price for a one-bedroom apartment in Denver, Colorado is $1,501 per month, a resident should earn at least $4,503 monthly in pre-tax income to live comfortably.

Is it expensive to live in Colorado Springs CO?

Cost of Living in Colorado Springs, Colorado by Expense Category. Colorado Springs’s housing expenses are 2\% lower than the national average and the utility prices are 26\% lower than the national average. Transportation expenses like bus fares and gas prices are 3\% lower than the national average.

Is 70k a good salary in Colorado?

Hold on to your hat/skirt! A good salary in Colorado for a family of 4 is determined by location and lifestyle. You can make it on $75k fairly comfortably, with budgeting & planning. The legalization of marijuana and gentrification, has made Colorado a little harder to live but jobs are still here.

How much do you need to make an hour to live in Colorado Springs?

Recommended Salary in Colorado Springs The living wage in Colorado Springs is $14.77 an hour, which is the basic wage necessary for paying essentials such as housing, food, and necessities.

What is the average household income in Colorado Springs?

Table

What is a good salary for a single person in Colorado?

We also recommend earning at least $5,000-6,000 per month to comfortably afford everything.

Why is Colorado Springs housing so expensive?

Colorado Springs is a minimally walkable city with a population of approximately 415,281 people. There is a high demand but low inventory in the Colorado Springs real estate market. Housing prices in Colorado Springs are still increasing because of this effect of supply and demand.

Is 80000 a good salary in Colorado?

You need to make more than $80,000 a year to afford the median Denver-area home. An individual or household needs to make at least $81,349.82 a year in order to afford the median home in the Denver metro area, according to the report from hsh.com, a mortgage research site.

How can I live on 60k?

How to Live Comfortably with a 60k Salary

1. Relocate a cheaper place. It’s a good idea to relocate to a place with lower living costs and save more money.
2. Get rid of debt.
3. Make a budget and stick to it.
4. Set up an emergency fund.
5. Start making money on the side.

What is the cost of living in Colorado Springs?

A cost of living index above 100 means Colorado Springs, Colorado is more expensive. Housing is the biggest factor in the cost of living difference. The median home price in Colorado Springs is $277,800.

What is the average salary in Colorado Springs CO?

Colorado Springs, CO Quick Stats 1 712,266 Metro Population 2 $51,430 Average Annual Salary 3 62.1° / 35.7° Avg High/Low Temps

Is Colorado Springs a good place to buy a house?

Housing prices in Colorado Springs are higher than the national average and continue to climb. El Paso County, of which Colorado Springs is the county seat, is among the state’s fastest-growing counties. This population growth, combined with a limited supply of homes for sale, has created a competitive market for homebuyers.

How much does child care cost in Colorado Springs?

The estimated average annual cost for child care in Colorado Springs, Colorado (based on state average), is $13154. This cost is ranked NO. 7 nationally. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site.