Can you afford to live in Colorado Springs?

Median household income, home values and rent in Colorado Springs, CO — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Colorado Springs.

Median household income: $83,198 — +52.6% since 2015 (not adjusted for inflation)

Median gross rent: $1,562/mo — +69.4% since 2015

Median home value, 2015 to 2023

• 2015: 212700
• 2023: 420700

Median household income

• Colorado Springs: 83198
• El Paso County: 87470
• CO: 92470
• U.S.: 78538

Median gross rent

• Colorado Springs: 1562
• El Paso County: 1609
• CO: 1693
• U.S.: 1348

Share of income a typical renter spends on rent: 31.5% — U.S.: 30.2%

What it means

The typical household here earns $83,198 — slightly higher than the national figure of $78,538.

The typical renter here spends 31.5% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+69.4% versus +52.6%), before adjusting for inflation.