Is Miami, FL cheaper than Colorado Springs, CO?

Based on cost of living data, Miami, FL is 19.4% more expensive than Colorado Springs, CO. This translates to spending an extra $1456 per month.

What salary do I need in Miami, FL to live like I do in Colorado Springs, CO?

If you earn $150,000 in Colorado Springs, CO, you'd need approximately $167,475.728 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Colorado Springs, CO and Miami, FL?

Housing in Miami, FL is 29.1% more expensive than in Colorado Springs, CO. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $1,800/month in Colorado Springs, CO.

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

Living in Miami, FL costs approximately $1456 more per month than Colorado Springs, CO, or $17476 more per year, based on a $150,000 salary.

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Colorado Springs, CO

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Miami, FL

Cost of Living Comparison 2026

Current salary in Colorado Springs, CO

Numbers update automatically as you type

You'd spend $1.5K/month more in Miami, FL

$150.0K in your current city equals $167.5K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Colorado Springs, CO area

Overall Cost

↑ 19.4%

More expensive

Monthly Impact

$1,456

Extra cost

Annual Impact

$17.5K

Per year

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

Colorado Springs, CO

Population:479K

Cost Index:100

Median Home:$415K

Miami, FL

Population:442K

Cost Index:119

Median Home:$510K

Colorado Springs, CO

The Centennial State

479K

Population

State Tax

Yes

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

Miami, FL

The Sunshine State

442K

Population

State Tax

No Income Tax

Climate

Tropical

Notable Facts

•Gateway to Latin America
•Major cruise port
•International business hub

Major Industries

International TradeTourismFinanceReal Estate

Cost Breakdown by Category

Annual spending: Colorado Springs, CO vs Miami, FL

Category	Colorado Springs, CO	Miami, FL	Difference	Change
🏠Housing	$2,859/mo	$3,690/mo	↑ $832more	29.1%
📦Other	$1,791/mo	$2,093/mo	↑ $301more	16.8%
🚗Transportation	$1,270/mo	$1,462/mo	↑ $191more	15.1%
🛒Groceries	$999/mo	$1,079/mo	↑ $79.94more	8.0%
⚡All Utilities	$454/mo	$519/mo	↑ $65.57more	14.5%
🏥Healthcare	$626/mo	$589/mo	↓ $37.17less	5.9%

🏠Housing

↑ 29.1%

Colorado Springs, CO

$2,859

Miami, FL

$3,690

Difference

$832

📦Other

↑ 16.8%

Colorado Springs, CO

$1,791

Miami, FL

$2,093

Difference

$301

🚗Transportation

↑ 15.1%

Colorado Springs, CO

$1,270

Miami, FL

$1,462

Difference

$191

🛒Groceries

↑ 8.0%

Colorado Springs, CO

$999

Miami, FL

$1,079

Difference

$79.94

⚡All Utilities

↑ 14.5%

Colorado Springs, CO

$454

Miami, FL

$519

Difference

$65.57

🏥Healthcare

↓ 5.9%

Colorado Springs, CO

$626

Miami, FL

$589

Difference

$37.17

less

🏠Rent Comparison

Studio

From$1,240

To$1,995

↑ $755

1 Bed

From$1,520

To$2,180

↑ $660

2 Bed

From$1,800

To$2,660

↑ $860

3 Bed

From$2,505

To$3,415

↑ $910

Colorado Springs, COZIP-level data

1BR range: $1,210–$2,050/mo

Miami, FLZIP-level data

1BR range: $1,550–$2,990/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.

$7,999

Monthly in Colorado Springs, CO

$9,431

Monthly in Miami, FL

$1,432

Difference

Home Values

Colorado Springs

Miami

$415K

Median Value

$510K

↓ -2.2%

YoY Change

↓ -3.6%

↑ +22.4%

5-Year Change

↑ +49.4%

$314K - $709K

Price Range

$278K - $1.53M

Homes in Miami are 23% more expensive than Colorado Springs

Calculate payment - Colorado Springs Calculate payment - Miami

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $6.6K

Per year

Monthly Difference

$550

More take-home

Effective Rate Diff

4.4%

Rate difference

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

Miami, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida 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

Additional Tax Information

Colorado Springs, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

💡 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.