Is Colorado Springs, CO cheaper than Austin, TX?

Based on cost of living data, Colorado Springs, CO is 0.0% cheaper than Austin, TX. The two cities have very similar living costs.

What salary do I need in Colorado Springs, CO to live like I do in Austin, TX?

If you earn $150,000 in Austin, TX, you'd need approximately $150,000 in Colorado Springs, CO to maintain the same standard of living.

How does housing cost compare between Austin, TX and Colorado Springs, CO?

Housing in Colorado Springs, CO is 0.9% cheaper than in Austin, TX. For a two-bedroom apartment, rent is $1,800/month in Colorado Springs, CO compared to $1,995/month in Austin, TX.

How much can I save per month by moving from Austin, TX to Colorado Springs, CO?

Austin, TX and Colorado Springs, CO have very similar costs of living, based on a $150,000 salary.

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Austin, TX

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Colorado Springs, CO

Cost of Living Comparison 2026

Current salary in Austin, TX

Numbers update automatically as you type

Austin, TX and Colorado Springs, CO have similar living costs

$150.0K in your current city equals $150.0K in Colorado Springs, CO

Rent data from HUD ZIP-level estimates · COL index from Austin-Round Rock-Georgetown, TX area

Overall Cost

→ 0.0%

Same cost

Monthly Impact

No change

Annual Impact

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Austin, TX

Population:979K

Cost Index:100

Median Home:$558K

Colorado Springs, CO

Population:479K

Cost Index:100

Median Home:$415K

Austin, TX

The Lone Star State

979K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Live music capital
•Major tech hub
•SXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Colorado Springs, CO

The Centennial State

479K

Population

State Tax

Yes

Located in Colorado, this city has a population of 479K residents.

Cost Breakdown by Category

Annual spending: Austin, TX vs Colorado Springs, CO

Category	Austin, TX	Colorado Springs, CO	Difference	Change
⚡All Utilities	$541/mo	$454/mo	↓ $87.43less	16.2%
📦Other	$1,741/mo	$1,791/mo	↑ $50.22more	2.9%
🛒Groceries	$959/mo	$999/mo	↑ $39.97more	4.2%
🏥Healthcare	$589/mo	$626/mo	↑ $37.17more	6.3%
🏠Housing	$2,885/mo	$2,859/mo	↓ $25.99less	0.9%
🚗Transportation	$1,284/mo	$1,270/mo	↓ $13.66less	1.1%

⚡All Utilities

↓ 16.2%

Austin, TX

$541

Colorado Springs, CO

$454

Difference

$87.43

less

📦Other

↑ 2.9%

Austin, TX

$1,741

Colorado Springs, CO

$1,791

Difference

$50.22

🛒Groceries

↑ 4.2%

Austin, TX

$959

Colorado Springs, CO

$999

Difference

$39.97

🏥Healthcare

↑ 6.3%

Austin, TX

$589

Colorado Springs, CO

$626

Difference

$37.17

🏠Housing

↓ 0.9%

Austin, TX

$2,885

Colorado Springs, CO

$2,859

Difference

$25.99

less

🚗Transportation

↓ 1.1%

Austin, TX

$1,284

Colorado Springs, CO

$1,270

Difference

$13.66

less

🏠Rent Comparison

Studio

From$1,585

To$1,240

↓ $345

1 Bed

From$1,685

To$1,520

↓ $165

2 Bed

From$1,995

To$1,800

↓ $195

3 Bed

From$2,525

To$2,505

↓ $20.00

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

Colorado Springs, COZIP-level data

1BR range: $1,210–$2,050/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,998

Monthly in Austin, TX

$7,999

Monthly in Colorado Springs, CO

$0.29

Difference

Home Values

Austin

Colorado Springs

$558K

Median Value

$415K

↓ -5%

YoY Change

↓ -2.2%

↑ +12.6%

5-Year Change

↑ +22.4%

$272K - $1.26M

Price Range

$314K - $709K

Homes in Colorado Springs are 26% less expensive than Austin

Calculate payment - Austin Calculate payment - Colorado Springs

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $6.6K

More taxes

Monthly Difference

$550

Less take-home

Effective Rate Diff

4.4%

Rate difference

Austin, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Colorado Springs, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Additional Tax Information

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

Colorado Springs, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.