Is Colorado Springs, CO cheaper than Miami, FL?

Based on cost of living data, Colorado Springs, CO is 16.3% cheaper than Miami, FL. This translates to saving $1220 per month.

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

If you earn $150,000 in Miami, FL, you'd need approximately $135,365.854 in Colorado Springs, CO to maintain the same standard of living.

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

Housing in Colorado Springs, CO is 22.5% cheaper than in Miami, FL. For a two-bedroom apartment, rent is $1,800/month in Colorado Springs, CO compared to $2,660/month in Miami, FL.

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

Moving from Miami, FL to Colorado Springs, CO could save you approximately $1220 per month, or $14634 per year, based on a $150,000 salary.

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Miami, FL

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Colorado Springs, CO

Cost of Living Comparison 2026

Current salary in Miami, FL

Numbers update automatically as you type

You'd save $1.2K/month moving to Colorado Springs, CO

$150.0K in your current city equals $135.4K in Colorado Springs, CO

Rent data from HUD ZIP-level estimates · COL index from Miami-Fort Lauderdale-Pompano Beach, FL area

Overall Cost

↓ 16.3%

Less expensive

Monthly Impact

$1,220

Savings

Annual Impact

$14.6K

Per year

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

Miami, FL

Population:442K

Cost Index:100

Median Home:$510K

Colorado Springs, CO

Population:479K

Cost Index:84

Median Home:$415K

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

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: Miami, FL vs Colorado Springs, CO

Category	Miami, FL	Colorado Springs, CO	Difference	Change
🏠Housing	$3,690/mo	$2,859/mo	↓ $832less	22.5%
📦Other	$2,093/mo	$1,791/mo	↓ $301less	14.4%
🚗Transportation	$1,462/mo	$1,270/mo	↓ $191less	13.1%
🛒Groceries	$1,079/mo	$999/mo	↓ $79.94less	7.4%
⚡All Utilities	$519/mo	$454/mo	↓ $65.57less	12.6%
🏥Healthcare	$589/mo	$626/mo	↑ $37.17more	6.3%

🏠Housing

↓ 22.5%

Miami, FL

$3,690

Colorado Springs, CO

$2,859

Difference

$832

less

📦Other

↓ 14.4%

Miami, FL

$2,093

Colorado Springs, CO

$1,791

Difference

$301

less

🚗Transportation

↓ 13.1%

Miami, FL

$1,462

Colorado Springs, CO

$1,270

Difference

$191

less

🛒Groceries

↓ 7.4%

Miami, FL

$1,079

Colorado Springs, CO

$999

Difference

$79.94

less

⚡All Utilities

↓ 12.6%

Miami, FL

$519

Colorado Springs, CO

$454

Difference

$65.57

less

🏥Healthcare

↑ 6.3%

Miami, FL

$589

Colorado Springs, CO

$626

Difference

$37.17

🏠Rent Comparison

Studio

From$1,995

To$1,240

↓ $755

1 Bed

From$2,180

To$1,520

↓ $660

2 Bed

From$2,660

To$1,800

↓ $860

3 Bed

From$3,415

To$2,505

↓ $910

Miami, FLZIP-level data

1BR range: $1,550–$2,990/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.

$9,431

Monthly in Miami, FL

$7,999

Monthly in Colorado Springs, CO

$1,432

Difference

Home Values

Miami

Colorado Springs

$510K

Median Value

$415K

↓ -3.6%

YoY Change

↓ -2.2%

↑ +49.4%

5-Year Change

↑ +22.4%

$278K - $1.53M

Price Range

$314K - $709K

Homes in Colorado Springs are 19% less expensive than Miami

Calculate payment - Miami 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

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

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

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

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.