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.
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How much do you need to live comfortably in Colorado Springs?
Most financial advisors recommend spending no more than 30 percent of your annual income on rent. This means you would need to earn around $40,960 per year to comfortably afford a one-bedroom apartment in Colorado Springs.
Is Colorado Springs high cost of living?
The cost of living index for Colorado Springs in the first quarter of 2020 was 102.9% of the national average and has been above the national average every quarter since mid-2019.
What is a good salary in Colorado Springs?
Do Good Salary in Colorado Springs, CO
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $122,138 | $10,178 |
| 75th Percentile | $114,152 | $9,512 |
| Average | $67,352 | $5,612 |
| 25th Percentile | $35,701 | $2,975 |
Is it worth moving to 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.
Is Colorado cheaper than California?
The cost of living in Denver, CO is -20.2% lower than in Los Angeles, CA. You would have to earn a salary of $47,857 to maintain your current standard of living. Employers in Denver, CO typically pay -10.6% less than employers in Los Angeles, CA.
What is a livable salary in Colorado Springs?
Living Wage Calculation for El Paso County, Colorado
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $14.78 | $33.39 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $12.00 | $12.00 |
How bad are Colorado Springs winters?
The temperature tends to fluctuate between 28 and 61 degrees fahrenheit, with very little snow till Spring. The beautiful thing about winter weather in Colorado Springs is the lack of humidity.
What is minimum wage in Colorado Springs?
$12.32
If an employee is covered by federal and Colorado state minimum wage laws, then the employer must pay the higher minimum wage. Federal minimum wage is currently $7.25 per hour, which is lower than the 2021 Colorado state minimum wage of $12.32.
How much snow does Colorado Springs get a 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. On average, there are 243 sunny days per year in Colorado Springs.
How much do you need to make a year to live comfortably in Colorado?
Colorado is an expensive state, so in order to live comfortably in any city in the state, you need to make over $100,000 annually. In these more affordable cities, you can likely get away with a lower salary.
What is the main industry in Colorado Springs?
The Colorado Springs economy thrives on the military, defense, aerospace, software/ IT, and tourism industries. Colorado Springs features four military bases including: Fort Carson, The US Air Force Academy, Peterson Air Force Base (AFB), Schriever AFB, as well as the North American Air Defense Command (NORAD).
What are the pros and cons of living in Colorado Springs?
Living in Colorado Springs Pros and Cons
- Pro: You’ll Have Plenty of Areas to Work Out and Get Fit. Fitness is a culture in Colorado Springs.
- Pro: Affordable Living.
- Pro: The City is Growing, But Doesn’t Feel Like a Big City.
- Pro: The Economy of Colorado Springs is Healthy.
- Con: The City is Having Growing Pains.
How can I move to Colorado without a job?
Here are useful tips that I used when moving to Colorado with no money and no job.
- Estimate the cost of moving.
- Know your city’s minimum wage.
- Apply for the most in-demand jobs.
- Work seasonally in a mountain town.
- Know the cost of living in Colorado.
- Get paid to move to Colorado.
- Set a goal & don’t give up.
What is the coldest month in Colorado Springs?
December
The cold season lasts for 3.5 months, from November 20 to March 4, with an average daily high temperature below 51°F. The coldest month of the year in Colorado Springs is December, with an average low of 21°F and high of 44°F.
Is moving to Colorado a good idea?
Colorado has attracted many new residents who are drawn to the high quality of life in the state. The combination of job opportunities, beautiful weather, scenic views and a culture of wellness has proved irresistible to the Americans who have flocked to the state.
How long does winter last in Colorado?
Winter: Mid-November to Early-April
With 300 days of sunshine a year and a super dry climate, the days are rarely gloomy, frigid, or boring! Colorado is a true winter wonderland with plenty to see and do.
Which state is the cheapest state to live in?
Mississippi
1. Mississippi. The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 15% lower than the national average cost of living.
What is middle class in Colorado?
In 2018, the Bell reported that the proportion of middle-income families — defined as income ranging from $38,900 to $118,000 — in Colorado had dropped to 49.6% in 2016 from 53% in 2000.
Is Colorado Springs cheaper than Denver?
Colorado Springs is 18.8% less expensive than Denver. Colorado Springs housing costs are 32.4% less expensive than Denver housing costs. Health related expenses are 2.8% more in Colorado Springs.
Why are houses in Colorado so expensive?
Due to the surge in demand for homes, average prices for properties have increased in most regions throughout the state. Colorado Springs is in the strongest seller’s market that we have ever seen. Low inventory and ever-soaring prices continue to impact affordability.
