Is Phoenix, AZ cheaper than Colorado Springs, CO?

Based on cost of living data, Phoenix, AZ is 0.2% more expensive than Colorado Springs, CO. The two cities have very similar living costs.

What salary do I need in Phoenix, AZ to live like I do in Colorado Springs, CO?

If you earn $150,000 in Colorado Springs, CO, you'd need approximately $150,174.757 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between Colorado Springs, CO and Phoenix, AZ?

Housing in Phoenix, AZ is 2.5% cheaper than in Colorado Springs, CO. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,800/month in Colorado Springs, CO.

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

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

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Colorado Springs, CO

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Phoenix, AZ

Cost of Living Comparison 2026

Current salary in Colorado Springs, CO

Numbers update automatically as you type

You'd spend $14.56/month more in Phoenix, AZ

$150.0K in your current city equals $150.2K in Phoenix, AZ

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

Overall Cost

↑ 0.2%

More expensive

Monthly Impact

$14.56

Extra cost

Annual Impact

$175

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

Phoenix, AZ

Population:1608K

Cost Index:100

Median Home:$414K

Colorado Springs, CO

The Centennial State

479K

Population

State Tax

Yes

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

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Colorado Springs, CO vs Phoenix, AZ

Category	Colorado Springs, CO	Phoenix, AZ	Difference	Change
🚗Transportation	$1,270/mo	$1,489/mo	↑ $219more	17.2%
📦Other	$1,791/mo	$1,677/mo	↓ $114less	6.4%
⚡All Utilities	$454/mo	$561/mo	↑ $108more	23.7%
🏠Housing	$2,859/mo	$2,788/mo	↓ $70.17less	2.5%
🏥Healthcare	$626/mo	$589/mo	↓ $37.17less	5.9%
🛒Groceries	$999/mo	$963/mo	↓ $35.97less	3.6%

🚗Transportation

↑ 17.2%

Colorado Springs, CO

$1,270

Phoenix, AZ

$1,489

Difference

$219

📦Other

↓ 6.4%

Colorado Springs, CO

$1,791

Phoenix, AZ

$1,677

Difference

$114

less

⚡All Utilities

↑ 23.7%

Colorado Springs, CO

$454

Phoenix, AZ

$561

Difference

$108

🏠Housing

↓ 2.5%

Colorado Springs, CO

$2,859

Phoenix, AZ

$2,788

Difference

$70.17

less

🏥Healthcare

↓ 5.9%

Colorado Springs, CO

$626

Phoenix, AZ

$589

Difference

$37.17

less

🛒Groceries

↓ 3.6%

Colorado Springs, CO

$999

Phoenix, AZ

$963

Difference

$35.97

less

🏠Rent Comparison

Studio

From$1,240

To$1,390

↑ $150

1 Bed

From$1,520

To$1,510

↓ $10.00

2 Bed

From$1,800

To$1,750

↓ $50.00

3 Bed

From$2,505

To$2,330

↓ $175

Colorado Springs, COZIP-level data

1BR range: $1,210–$2,050/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/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

$8,068

Monthly in Phoenix, AZ

$69.06

Difference

Home Values

Colorado Springs

Phoenix

$415K

Median Value

$414K

↓ -2.2%

YoY Change

↓ -3.1%

↑ +22.4%

5-Year Change

↑ +30.2%

$314K - $709K

Price Range

$274K - $957K

Calculate payment - Colorado Springs Calculate payment - Phoenix

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $1.4K

Per year

Monthly Difference

$114

More take-home

Effective Rate Diff

0.9%

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

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

Colorado Springs, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 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.