Colorado SpringsMoney Index August 2026
"Mountain lifestyle, manageable price."
Colorado Springs — Money Index — Key Facts
- 60% Own Their Home. Only 60% of Colorado Springs households own — well below the US average of ~65%. Most residents are still renting.
- Cost of Living: 108. Colorado Springs's cost of living sits at 108 — basically the US baseline (100 = US average).
- 13% Savings Rate. Colorado Springs households save about 13% of income — close to the US average.
- Median Household: $78k. Colorado Springs households earn about $78k — right around the US median.
- Financial Stress: 48/100. Money stress in Colorado Springs sits at 48/100 — calmer than most big US cities.
- 19% of Land Is Parks. About 19% of Colorado Springs is parkland — one of the greenest big US cities. Free outdoor recreation quietly cuts your entertainment budget.
- Ranked #6 of 50. Colorado Springs ranks #6 of 50 on the PickYourBank US City Money Index — a blend of savings rate, income, affordability, happiness and work-life balance.
- Work-Life Balance: 66/100. Colorado Springs scores 66/100 on work-life balance — one of the more livable big US metros.
- Happiness Score: 73/100. Residents rate life in Colorado Springs a 73/100 — one of the happiest big metros in the country.
- 22-Minute Commute. Colorado Springs's one-way commute is just 22 minutes — 5 minutes shorter than the US average. That's ~169 hours a year behind the wheel instead of ~207.
Colorado Springs offers Denver's outdoor lifestyle at meaningfully lower cost.
With a median household income of ~$78k, a 13% savings rate, and a cost-of-living index of 108, Colorado Springs ranks #6 of 50 US cities in our overall money index.
Green space & commute
Two underrated money levers: how long you spend getting to work, and how much nature you can reach without paying for it.
Colorado Springs is one of the greenest big US cities — about 19% of city land is parkland, far above the big-city median (~11%).
- • Source: Trust for Public Land ParkScore
- • Parks lower stress and lift nearby property values
- • Free recreation = zero-cost lifestyle upgrade
Colorado Springs has a short ~22-minute one-way commute — well below the US average of ~27 minutes. Time saved compounds: 10 minutes less per day ≈ 80 hours and a few hundred dollars in fuel every year.
- • Source: US Census ACS mean one-way travel time
- • Owning a car runs ~$10k/year on average in the US
- • 10 fewer commute minutes/day ≈ 80 hours back per year
Typical Colorado Springs household budget
Modeled split of $100 of after-tax income, scaled to Colorado Springs's cost of living and savings rate.
How Colorado Springs feels about money
Four Colorado Springs money truths
Colorado Springs's savings rate runs 13% — automate even one extra percentage point and you compound serious money over a decade.
Colorado Springs runs above the US average, so price discipline matters more here than in most metros.
Owning unlocks fixed housing costs and equity. Renters here can still build wealth — just channel the difference into index funds and a high-yield savings account.
Colorado residents in Colorado Springs report a 73/100 happiness score with stress at 48/100 — money habits and lifestyle here track that mix closely.
"Colorado Springs home prices average about 15% below Denver's."
Money lessons from Colorado Springs
- 1
Pick the lower-cost twin city
- 2
Stack HSAs and Roth IRAs
- 3
Outdoors > stuff
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Colorado Springs money FAQ
Is Colorado Springs, Colorado a good city for saving money?+
Colorado Springs households save about 13% of income, with a happiness score of 73/100 and a work-life balance score of 66/100. Colorado Springs offers Denver's outdoor lifestyle at meaningfully lower cost.
What is the median household income in Colorado Springs?+
The median household income in Colorado Springs, Colorado is roughly $78,000 per year. About 55% of households have a 3-month emergency fund.
How affordable is Colorado Springs?+
Colorado Springs's cost of living index sits at 108 (100 = US average). Homeownership stands at 60%.
How long is the average commute in Colorado Springs?+
Colorado Springs has a short ~22-minute one-way commute — well below the US average of ~27 minutes. Time saved compounds: 10 minutes less per day ≈ 80 hours and a few hundred dollars in fuel every year.
How much urban green space does Colorado Springs have?+
Colorado Springs is one of the greenest big US cities — about 19% of city land is parkland, far above the big-city median (~11%).
What money personality fits Colorado Springs?+
The Optimist — Trusts the future and invests through every dip.
What's surprising about money in Colorado Springs?+
Colorado Springs home prices average about 15% below Denver's.
