Quick Answer: Is It Expensive To Live In Colorado Springs?

Can I afford to live in Colorado Springs?

Whether or not you can afford to live in Colorado Springs comes down to your income.

Although rent prices are low when juxtaposed with astronomical prices in major cities, $1,343 per month can be hefty to some individuals living off minimum wage.

Income in The Springs is even higher than the national household median..

What is minimum wage in Colorado Springs?

$12.00 per hourColorado Minimum Wage for 2019, 2020. Colorado’s state minimum wage rate is $12.00 per hour.

What salary do you need to live comfortably in Colorado?

$100,200How much do you need to earn to live in Colorado? According to data from HowMuch.net, in order to comfortably afford to live in any city in Colorado, you have to earn a whopping $100,200 yearly salary. This works out to earning between $6,000-8,300 per month.

How cold does Colorado Springs get?

In Colorado Springs, the summers are warm, the winters are very cold and dry, and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 20°F to 84°F and is rarely below 4°F or above 92°F.

What is a good salary in Colorado?

Colorado AverageSalary Range (Percentile)25thAverageAnnual Salary$46,504$62,631Monthly Salary$3,875$5,219Weekly Salary$894$1,2041 more row

What is the main industry in Colorado Springs?

The economy of Colorado Springs is based primarily on the military installations in the area as well as on the aerospace and electronics industries and tourism.

How much do you need to live comfortably in Colorado Springs?

A new study by GOBankingrates.com found that a Colorado Springs resident making the median income of $58,158 would need to add more than $25,000 in earnings to “live comfortably” in the city.

Is it expensive to live in Colorado?

Colorado cost of living is 121.1COST OF LIVINGColoradoUnited StatesGrocery100.7100Health95.8100Housing166.1100Median Home Cost$384,000$231,2004 more rows

Why are houses so expensive in Colorado Springs?

The median price of a home in Colorado Springs is $339,000. “Things are a lot more expensive that’s for sure. … He says the rising costs of homes are because of the price of land and regulatory costs. “There has been a number of fees and entitlement costs added to the cost of that lot.

What is the cheapest place to live in Colorado?

10 Most Affordable Places to Live in ColoradoFederal Heights. Topping the list of the most affordable city in Colorado is Federal Heights, a suburb of Denver. … Lamar. Quiet and rural, Lamar is a wonderful city for families with a variety of parks and a strong sense of community. … Brush. … Fort Morgan. … Sterling. … Trinidad. … Pueblo. … Clifton.More items…•

Is Colorado Springs humid or dry?

Whatever the outcome, low humidity is a perennial constant in Colorado Springs, which recently was included among a list of the nation’s top 10 driest cities by Vicks, the cold medicine company.

What is the most dangerous city in Colorado?

Pueblo1. Pueblo. In 2019, this city of 108,385 people was ranked as one of the most dangerous cities in Colorado.

What is life like in Colorado Springs?

Expect a High Quality of Life, and Not Just Because of the Elevation. One of the most important things about living in Colorado Springs is the city’s quality of life. Due to great weather year-round, residents are frequently able to enjoy a variety of outdoor activities.

What is a good salary in Colorado Springs?

The US average is 4.6%. – The average income of a Colorado Springs resident is $29,355 a year. The US average is $28,555 a year….Income and Salaries for Colorado Springs.ECONOMYColorado Springs, ColoradoUnited StatesIncome per Cap.$31,333$31,177Household Income$58,158$57,65228 more rows

What should I know before moving to Colorado Springs?

15 Things to Know Before Moving to Colorado SpringsThe Air Is Thinner.Garden of the Gods Is as Nice as it Sounds.You Can Dress Like You Just Finished a Hike.Pikes Peak Casts a Big Shadow.You Might See Olympians.You’ll Need a Jacket.Please Smoke Responsibly.You May Want to Work on Your Fitness.More items…•

How much snow does Colorado Springs get?

Colorado Springs, Colorado gets 18 inches of rain, on average, per year. The US average is 38 inches of rain per year. Colorado Springs averages 57 inches of snow per year. The US average is 28 inches of snow per year.

What is a livable salary in Colorado?

Living Wage Calculation for Denver County, Colorado1 ADULT2 ADULTS (BOTH WORKING)0 Children1 ChildLiving Wage$14.26$16.25Poverty Wage$6.00$5.13Minimum Wage$11.10$11.10

Is Colorado Springs a nice place to live?

Colorado Springs is in El Paso County and is one of the best places to live in Colorado. … In Colorado Springs there are a lot of coffee shops and parks. Many families and young professionals live in Colorado Springs and residents tend to lean conservative. The public schools in Colorado Springs are above average.